Alef Aeronautics, a sustainable mobility company that is designing and developing a flying car, has reached 2,500 pre-orders, worth $750m.

This includes 2,100 deposits from individuals, and B2B agreements with businesses for sale of 400 cars.

Alef Aeronautics said the deposits signified “a proof of market demand from both individuals and corporations for the new mode of transportation, and gives the company valuable insights into future market demographics and breakdown of the initial customer base for flying cars”.

Last October, the firm unveiled its first flying car design, with the functionality and look of a traditional car but with vertical takeoff and landing capabilities.

In June this year, the company became the first traditional electric car to receive a limited Special Airworthiness Certificate from the Federal Aviation Authority (FAA).

Alef electric flying car

The flying car is 100% electric, drivable on public roads and has vertical takeoff and landing capabilities. The car will carry one or two occupants.

“We’re excited to see such strong initial demand for the Alef flying car. We’re are thankful for the notes of gratitude and inspiration we received with some of the pre-orders. We still have a road to go before starting deliveries, but where we’re going, we don’t need roads,” said Jim Dukhovny, CEO of Alef.

“The progress the Alef team has made during a challenging year for startups, has been nothing short of amazing! Jim and the Alef team have achieved impressive milestones in this nascent industry, including the recent special FAA certification,” said Eric Ball, founding general partner at Impact Venture Capital.Subscribe to the FINN weekly newsletter