- Hyundai teams up with Boston-based startup to accelerate commercial application and deployment of UAVs across various sectors and markets
- Partnership to cultivate new business opportunities around UAVs including cargo transport, inspection services, and surveillance missions
- Top Flight’s patented hybrid-electric power system allows for extended flight times and heavier payloads for commercial use
Hyundai will team up with the Boston-based startup to explore ways to accelerate the commercial application and deployment of UAVs across various sectors and markets. Joint efforts will extend to cultivating new business opportunities around UAVs, leveraging Top Flight’s patented hybrid-electric power system. Potential areas for business development include cargo transport, inspection services and surveillance missions for industrial sites.
Hyundai also seeks to enhance its existing operations with the application of drone products and technologies ― particularly high-definition (HD) mapping and operations and management (O&M) services.
In addition to solving the challenges of longer-duration flight for quadcopters, Top Flight is developing the technologies needed to enable new solutions in aerial logistics and mapping which could be useful in Hyundai’s future business. Hyundai Motor continues to invest in companies that develop disruptive technologies that are in-line with Hyundai’s current and future strategic thinking.
Hyundai Motor Company’s investment in Top Flight confirms its commitment to autonomous vehicles and mobility solutions, whether on the road or in the air. We fully believe that Hyundai’s world-class assembly and automation capabilities will help spur the production and deployment of aerospace-grade UAVs, more efficiently than ever.
Founded in 2014, Top Flight Technologies specializes in hybrid-electric power systems and fully autonomous technologies for UAVs. The company boasts a long list of world-renowned partners across aerospace, transportation, agriculture, and many other industries.
The global UAV (commonly referred to as ‘drones’) market, is growing at a fast pace, expected to garner $22.1 billion by 2026.