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US parent company of Japanese manned hoverbike startup to list on NASDAQ via SPAC

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Correction: AERWINS Technologies is not a subsidiary of but the parent company of A.L.I. Technologies. Some changes have been made to the title and the sentences. Tokyo-based startup A.L.I. Technologies announced today that its Delaware-registered subsidiary parent company AERWINS Technologies has agreed an acquisition deal with PONO Capital (NASDAQ: PONO) via a De-SPAC transaction. Based on the deal, the US subsidiary parent company will be listed on NASDAQ. (Form 8-K, Form 425) The company A.L.I. began developing the XTURISMO (formerly known as Speeder) Limited Edition luxury hoverbike in 2017 and then has been accepting orders of it from the world since June of 2022. In addition to offering various drone-based solutions, the company has been developing the C.O.S.M.O.S. operational management system to ensure the safety of airways when many unmanned aircraft such as air mobility and drones are flying. See also: Japan startup unveils manned hoverbike, expecting it to fly above public roads via PR Times

The XTURISMO hoverbike is on a test flight at the Fuji Speedway race course.
Image credit: A.L.I. Technologies

Correction: AERWINS Technologies is not a subsidiary of but the parent company of A.L.I. Technologies. Some changes have been made to the title and the sentences.

Tokyo-based startup A.L.I. Technologies announced today that its Delaware-registered subsidiary parent company AERWINS Technologies has agreed an acquisition deal with PONO Capital (NASDAQ: PONO) via a De-SPAC transaction. Based on the deal, the US subsidiary parent company will be listed on NASDAQ. (Form 8-K, Form 425)

The company A.L.I. began developing the XTURISMO (formerly known as Speeder) Limited Edition luxury hoverbike in 2017 and then has been accepting orders of it from the world since June of 2022.

In addition to offering various drone-based solutions, the company has been developing the C.O.S.M.O.S. operational management system to ensure the safety of airways when many unmanned aircraft such as air mobility and drones are flying.

See also:

via PR Times

Japan startup unveils manned hoverbike, expecting it to fly above public roads [video]

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See the original story in Japanese. Tokyo-based A.L.I. Technologies (formerly known as Aerial Lab Industries) gave the press a demonstration of the prototype of its hoverbike named Speeder today. This was the first tine to show the hoverbike capable of flying with a person while the company showcased a mock-up of it at press conference announcing the establishment of Drone Fund’s No.2 fund last year. Since the company thinks that it requires some time to realize a manned drone due to undeveloped legal system, it first aims the practical application of a hoverbike that can run on public roads floating in the air. They are currently in negotiation with tjhe Japanese Ministry of Land, Infrastructure, Transport and Tourism and the National Police Agency about the possible permission to ride a hoverbike with both a medium-sized motorcycle license and a drone license. The company also expects to ask purchasers of Speeder to get a lecture or training in advance at an authorized drone school for the consideration of safety. In the demonstration, they showed the hoverbike’s various functions working properly: altitude control by ultrasonic sensor, auto-attitude control by IMU (Inertial Measurement Unit), buoyancy control by duct effect / ground effect as…

See the original story in Japanese.

Tokyo-based A.L.I. Technologies (formerly known as Aerial Lab Industries) gave the press a demonstration of the prototype of its hoverbike named Speeder today. This was the first tine to show the hoverbike capable of flying with a person while the company showcased a mock-up of it at press conference announcing the establishment of Drone Fund’s No.2 fund last year.

Since the company thinks that it requires some time to realize a manned drone due to undeveloped legal system, it first aims the practical application of a hoverbike that can run on public roads floating in the air. They are currently in negotiation with tjhe Japanese Ministry of Land, Infrastructure, Transport and Tourism and the National Police Agency about the possible permission to ride a hoverbike with both a medium-sized motorcycle license and a drone license. The company also expects to ask purchasers of Speeder to get a lecture or training in advance at an authorized drone school for the consideration of safety.

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Speeder, A.L.I.Technologies’ hoverbike under development
Image credit: Masaru Ikeda

In the demonstration, they showed the hoverbike’s various functions working properly: altitude control by ultrasonic sensor, auto-attitude control by IMU (Inertial Measurement Unit), buoyancy control by duct effect / ground effect as well as braking system. This prototype mounts a generic but customized engine but the detailed specification including how much power output it has was not disclosed.

A.L.I. Technologies starts taking orders for Limited Edition of Speeder Standard Model (only 100 will be sold) in early May while the finished product will be delivered in the first half of 2021. The expected price is $80,000 to $120,000. No down payment of deposit is needed but the firm plans to conduct pre-purchase examination for purchasers including license possession status in order to prevent the abuse of the product.

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A.L.I. Technologies also plans to produce Speeder Sports Model targeting high-end users (the expected price is $300,000 to $500,000), although the production volume is still to be fixed. As for the mass production type of Speeder following Limited Edition, it will work using electric motors without gasoline engine and propeller but the company has not disclosed about how they will make it float in the air. In the demonstration event, Shuhei Komatsu (Chirman, A.L.I. Technologies), Kotaro Chiba (General Partner, Drone Fund / Managing Director & Investor, A.L.I. Technologies ) and Soichiro Imaeda (member of the House of Representatives, Diet Members Caucus supporting Drone Business) celebrated the hoverbike has stepped into the new development phase.

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L to R: Kotaro Chiba (General Partner, Drone Fund / Managing Director, A.L.I. Technologies), Soichiro Imaeda (Member of the House of Representatives, Japan / Executive Director, Diet Members Caucus supporting Drone Business), Shuhei Komatsu (Chairman, A.L.I. Technologies) and Daisuke Kataoka (CEO, A.L.I. Technologies)
Image credit: Masaru Ikeda

Translated by Taijiro Takeda
Edited by Masaru Ikeda