We just got our first glimpse of Uber's vision for flying taxis

Uber has announced at its Elevate Summit that it has struck partnerships with the cities of Dallas and Dubai to demonstrate a network of flying cars by 2020. The goal is to cut in-transit time.

Holden's keynote rehashed numerous details the company previously published in its white paper, as he showed off some of the same figures and charts touting Uber's current ride sharing system and its nascent plans to develop a functional flying vehicle and urban aviation system.

This Tuesday, however, the company announced that it has selected Virginia-based Aurora Flight Sciences as a partner to develop an electric vertical takeoff and landing (eVTOL) aircraft for its Uber Elevate Network - and a functioning model of it has already been flown. The debut of the two-seater vehicle, which has foldable wings and can fly and also drive on the road like a typical auto, was a success, said EAA spokesman Dick Knapinski, who was there.

You can learn more about Uber's vision for a future of on-demand urban air transportation at www.uber.com/elevate.pdf and view the first flight of Aurora's eVTOL aircraft at the following YouTube link. While creating a real, viable urban air taxi network isn't going to happen tomorrow, this future is closer than many people realize.

Flying auto prototypes that other companies have been rolled out so far, however, have been underwhelming or untenable for the majority of the population.

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Among the firms Uber announced it would work with are aerospace firm Aurora Flight Sciences and Bell Helicopter, as well as electric auto charger firm ChargePoint, who will develop the charging stations to be used with the vehicles.

Massachusetts-based company Terrafugia plans to start shipping a flying auto in two years.

"We think we can start this for roughly the cost of UberX", he said, referring to the company's low-priced ride-sharing service. Uber has partnered with ChargePoint to develop VTOL charging solutions throughout the network.

A graphic shown during the Uber Elevate Summit shows the first five hubs anticipated for Dallas-Fort Worth and for Dubai. But those hurdles have not stopped Uber and other Silicon Valley tech companies from launching aggressive initiatives to develop flying vehicles. Along with Dubai, the flying taxi service will also be tested in Dallas-Fort Worth if everything goes according to plan. Moore worked for the agency for 30 years, with his work on electric aircraft garnering the attention of Google's Larry Page. Uber will work with Hillwood, a Dallas-area land developer, to create "vertiports" for VTOL pick-ups and drop-offs in the city.

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