DALLAS, April 27, 2017 /PRNewswire/ — Detroit Aircraft Corp announced yesterday that it has formed AirspaceX, an air mobility company that will help deliver affordable, on-demand air travel, connecting cities, suburbs, and surrounding airports around the world. AirspaceX unveiled MOBi, its electric Vertical Take-Off and Landing (VTOL) aircraft that enables fast, clean, and reliable transportation at the Uber Elevate Summit in Dallas.

Thanks to recent advances in electric propulsion, automation, and lightweight materials, VTOL aircrafts are enabling a new way to travel by air, and the fictional, Jetsons-like future is closer than we think. According to a recent study, the average American urban commuter spends 42 hours per year stuck in traffic. With MOBi, you can drive less and do more. Imagine a 90-minute commute in stop-and-go traffic reduced to a mere six minutes in air.

“With MOBi, we will deliver a new experience in air transit and point-to-point air mobility. It will be a clean, quiet, stabilized flight experience that is accessible and affordable to the masses,” said Jon Rimanelli, Founder and CEO of AirspaceX. The aircraft has an electric motor, producing zero carbon emissions, and is significantly quieter than helicopters and airplanes.

AirspaceX is in the design and development phase and will begin production on MOBi in 2020. The company is in partnership talks with proven aerospace and transportation companies to bring the technology and services to the public. To invest or work with AirspaceX, please visit www.airspacex.com.

About Detroit Aircraft CorpFounded in 2011, Detroit Aircraft Corp leverages the automotive industry’s supply base to accelerate the design and validation of electric Vertical Take-off and Landing (VTOL) aircraft. The company is delivering an all-new category of air travel that will move people and products faster and safer.

About AirspaceXAirspaceX is an air mobility company leveraging recent advances in electric propulsion, automation, and lightweight materials to create MOBi, an electric Vertical Take-Off and Landing (VTOL) aircraft that enables fast, clean, and reliable air transportation. The company will begin production on MOBi in 2020. AirspaceX is on a mission to deliver affordable, on-demand mobility solutions connecting cities, suburbs, and surrounding airports around the world.