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The company unveiled a sub-scale model of its vertical take off and landing (VTOL) aircraft, Mobi-One, an autonomous, tilt-wing electric aircraft designed to carry both passengers and cargo at speeds of up to 250 mph (400 km/h).
According to AirSpaceX, US$300 billion dollars in fuel and productivity costs a year are wasted in traffic jams and other delays in the United States alone. Additionally, urban drivers spend 42 hours stuck in traffic each year, while pumping 38 billion pounds (17 billion kg) of carbon emissions into the atmosphere.
Designed and built by AirSpaceX parent compant Detroit Aircraft Corporation (DAC) at Detroit City Airport, Mobi-One is targeted at the point-to-point commuter market as a clean, quiet alternative to road transport that relies on "lean automotive design and mass production techniques" to be affordable to produce.