A South Australian company that is building a manned multicopter to compete in a flying electric car racing series has secured seed funding from leading technology venture capital firms. Based in Adelaide, Alauda will use the investment to ramp up design and manufacture of its vehicle, which it aims to test with a pilot aboard before the end of the year. Alauda also owns Airspeeder, the racing league that plans to host a flying car series at various global locations from as early as next year.
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