Alef Aeronautics shared with Insider that it has now received more than $250 million worth of pre-orders for its electric flying car dubbed Model A.
The startup company, which got $3 million of seed capital, first opened the pre-selling period for the $300,000 Model A last October 19, 2022, requiring interested individuals to deposit $150 to lock the slot, while a $1,500 fee is imposed should customers want to be on the priority list.
The company did not share the exact number of the actual reserved units. But, it could mean that it has roughly 834 advance orders for the Model A electric flying car since it costs $300,000 each. Alef Aeronautics plans to begin production and initiate the first deliveries in the fourth quarter of 2025.