A South Australian company Alauda that is building a manned multicopter to compete in its flying electric car racing series has been funding from leading technology venture capital firms Saltwater Capital and Jelix Ventures. Leading FX and money management firm Equals and German logistics company DHL have also both backed Alauda with support and funds.
Alauda will use the investment to ramp up design and manufacture of its vehicle, which it aims to test with a pilot aboard before the end of the year.
Alauda also owns Airspeeder, the racing league that plans to host a flying car series at various global locations from as early as next year.
Alauda formed in 2015 and also has an office in London in close proximity to international motorsport bodies and global brands.

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