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Impact Venture Capital Portfolio Company, Alef, Reports Pre-Orders of $750M Worth of Flying Cars

Impact Venture Capital Portfolio Company, Alef, Reports Pre-Orders of $750M Worth of Flying Cars

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Alef Aeronautics receives 2,500 pre-orders for its first in history flying car.

  • Alef reports 2,100 deposits from individuals and 400 vehicle pre-orders in B2B agreements
  • Pre-orders include 1st in history agreement to sell modern aircraft through a car dealership

Alef Aeronautics, a sustainable mobility company that is designing and developing a flying car, announced today that it reached 2,500 pre-orders representing $750,000,000 in revenue upon delivery. This includes 2,100 deposits from individuals, and B2B agreements with businesses for sale of 400 cars, including an agreement with a California car dealership.

These deposits signify 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.

On October 19, 2022 Alef emerged from stealth mode and unveiled the first flying car with functionality and look of a traditional car and vertical takeoff and landing capabilities. Pre-orders were opened on the same day on the company’s website.

On June 12, 2023 Alef became the first traditional electric car to receive a limited Special Airworthiness Certificate from the Federal Aviation Authority (FAA).

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

Related Article: California Boosts Electric Car Charging Investment by $1 Billion

Jim Dukhovny, CEO of Alef, said:

“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,”

Eric Ball, Founding General Partner at Impact Venture Capital, said:

“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,”


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