After creating an FAA-approved personal jet pack, aerial transport company JetPack Aviation has now acquired $2 million USD in investments from various firms including YC, Cathexis Ventures, Draper Associates, and Skype co-founder Jaan Tallinn to create a working prototype of their next project: a flying motorcycle named the Speeder.
Plans for the Speeder were announced earlier in March when the company claimed that it would be a fully stabilized flying motorcycle that can either be piloted or operate completely autonomously. Despite no exposed rotors, the Speeder will be able to take off and land vertically, making it a much safer option over other VTOL models or helicopters. JetPack Aviation also claims that the vehicle can be refueled in just five minutes, and reach speeds of over an incredible 400 mph.
For more automotive news, Ferrari has just unveiled its latest two-door coupe: the Roma.