The Japanese startup behind a $777,000 flying motorbike is planning to float on the stock exchange to raise more funds.
The company that designed the bike, ALI Technologies, is planning to list on the Mothers market for startup companies, according to the CEO.
The company is in talks to float on the Tokyo Stock Exchange, but Katano did not give a target valuation for the IPO.
The company launched a bike with a top speed of 80 kilometres per hour and a travel range of up to 40 minutes for pre-orders in October last year.
The Robb Report reported in January that the company had begun taking deposits for the bike, which can reach a height of 2 metres in three seconds. The vehicle made headlines in Japan when it was used in the opening ceremony of a baseball game.
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In the Middle East, the desert terrain complemented the hovering nature of the bikes. The bikes are intended to stay on the ground.
The vehicle will allow people to travel where roads are bad and inaccessible to cars, as well as across bodies of water.
TheXTuriSMO is a startup racing to develop flying automobiles. There are 37 flying car companies in the US according to the tech platform Tracxn.
According to a report by Fortune Business Insights, the global flying car market will grow from $225 million to $1.5 trillion by 2040.
Air taxi group Joby is valued at $3 billion and is one of the mobility companies that is listed on the New York Stock Exchange.
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