Advanced Air Mobility News

“Star Wars” Hoverbike Turns into Reality in UAE

“Star Wars” Hoverbike Turns into Reality in UAE

AERWINS Technologies, a Japanese hoverbike manufacturer, recently held a demonstration in the United Arab Emirates (UAE) using its XTURISMO Limited Edition Hoverbike.

The company, also an air mobility platform developer of COSMOS (Centralized Operating System for Managing Open Sky), plans to introduce the aircraft and the operating system for border security and lifesaving in deserts. The system could take off and share information on its surroundings using cameras installed on the vehicle.

The XTURISMO hoverbike is a one-passenger hybrid-powered vehicle that can fly at a maximum speed of 100kph within a range of 40km. It sells for USD$555,000 and is available for order now.

Vault Investments LLC and Bayanat, an AI-powered geospatial solutions provider in Abu Dhabi, also joined the flight demonstration which was organized for government agencies and individuals.

“The show went very well to demonstrate that the XTURISMO is a good product, moving toward to a new generation of transportation,” said Sultan Lootah, the CEO of Vault Investments LLC. “It follows the strategic approach of the UAE and achieves the goals of eVTOL flying in our country.”

AERWINS Chairman and CEO Shuhei Komatsu said the company has talked with Vault Investments LLC on the introduction of the hoverbike to the UAE market.

To achieve the vision, AERWINS will establish a joint venture company with Vault Investments LLC and A.L.I. Technologies, a wholly owned subsidiary of AERWINS.

AERWINS was founded by a group of students from the University of Tokyo in 2016. They drew inspiration from flying vehicles in Star Wars and are committed to bringing science fiction into reality.

Earlier in February, AERWINS Technologies closed a business merger with special purpose acquisition company Pono Capital’s subsidiary and commenced trading on the Nasdaq Global Market under the ticker symbols “AWIN” and “AWINW.” Company shares fell 51% to USD$5.40 on the first trading day and declined 12% to USD$2.25 on the third day.

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