Toyota emblem. (Photo: Joe Raedle/Getty Images)
Photo: Joe Raedle/Getty Images
Photo: Joe Raedle/Getty Images

Toyota backs company building flying car

Toyota is financially backing a group that is working to build a levitating car. 

The automaker is investing 40 million yen, about $350,000, in Cartivator, a company made up of engineers who until now have volunteered their time to build a flying car prototype, according to the Nikkei Asian Review.

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For the most part, money to develop the Skydrive car, which would use drone technology to hover about 30 feet overhead, has come from crowd source funding. The three-wheeled car has a projected top flight speed of 62 mph.

The group of about 30 engineers who were volunteering their time on the project hope to have a prototype ready by the end of 2018. They want a version ready to light the torch for the 2020 Olympic games in Tokyo.

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