by: Jared Leone, Cox Media Group National Content Desk
Toyota is financially backing a group that is working to build a levitating car.
The automaker is investing 40 million yen, about $350,000, in Cartivator, a company made up of engineers who until now have volunteered their time to build a flying car prototype, according to the Nikkei Asian Review.
For the most part, money to develop the Skydrive car, which would use drone technology to hover about 30 feet overhead, has come from crowd source funding. The three-wheeled car has a projected top flight speed of 62 mph.
The group of about 30 engineers who were volunteering their time on the project hope to have a prototype ready by the end of 2018. They want a version ready to light the torch for the 2020 Olympic games in Tokyo.