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Japanese flying bike startup A.L.I. Technologies files for bankruptcy
The Tokyo-based startup had aimed to play a key role in an expected “air mobility society.”
A Japanese startup known for developing hover bikes inspired by "Star Wars" has filed for bankruptcy with ¥1.17 billion of debt, according to a report by credit research firm Tokyo Shoko Research. Technologies had aimed to play a key role in an expected “air mobility society” and raised its profile with its drones, artificial intelligence and flying bikes, but apparently struggled to secure the necessary cash to maintain its business. In a time of both misinformation and too much information, quality journalism is more crucial than ever.By subscribing, you can help us get the story right.
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