DAVIS, CA - The former UC Davis engineering professor who has spent decades developing a personal vertical takeoff and landing vehicle is seeking individual contributions to keep his dream alive.
Beginning today, Paul Moller will try to raise close to a million dollars through the crowdfunding site Indiegogo to prepare the four-passenger M400 Skycar for a public test flight.
Moller, 76, said pledge committments from three partner companies would double the money raised from crowdfunding.
"Funding has always been a problem in this process," said Moller, whose company, Moller International, has spent an estimated $100 million developing the Skycar.
A company spokesman said Moller raised $35 million from a public stock offering and the rest has come from his personal investment.