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Davis Skycar crowdfunding campaign falls short

11:35 AM, Jan 7, 2014   |    comments
Paul Moller with the M400 Skycar, Nov. 2013
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DAVIS - A campaign to collect individual contributions to get a personal vertical takeoff and landing vehicle into production after decades of development has fallen far short of its goal.

Moller International of Davis launched a 60-day crowdfunding campaign in November on hoping to raise close to $1 million to prepare for a public test flight this summer of the four-passenger M400 Skycar.

The campaign ended Saturday with total contributions of $29,429 from 188 individual funders.

READ MORE:  Davis inventor seeks crowdfunding to get flying car off the ground

Skycar inventor Paul Moller, who has spent an estimated $100 million on research and development, said at the start of the campaign he believed crowdfunding could be effective because of the Skycar's international following.

Although contributors were enthusiastic, there were far too few of them.

"Wow I've been following Moller for many years and came across this on indiegogo just by luck," one funder commented.  "If I was rich I would have funded the whole project... Please keep the dream alive."

A Moller spokesman said the company would consider future plans later this week.

"We're supposed to have a meeting about it this Thursday about what the next move is. I'll keep you posted as soon as I know something new," the spokesman wrote in an email.

by George Warren,


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