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Airbus offers a peek at its flying taxi European aerospace giant Airbus has quietly lifted the curtain on an ambitious Silicon Valley project called Vahana.

It's a pilotless passenger aircraft that aims to someday add a vertical component to your commute. Think kate spade nylon tote sale of Uber like air taxis that can beat the traffic on Highway 101 by flying over it. Airbus has shared few details about the aircraft, but recently posted its first conceptual renderings on a Medium blog. The drawings depict kate spade nylon bag sale a craft that can take off and land vertically. It has helicopter like struts, and two sets of tilting wings each with four electric motors. There's room for a passenger under a canopy that retracts like a motorcycle helmet visor. Airbus, a rival of American icon Boeing (BA), is best known for its large jetliners like the double decker A380. But it's also pouring big money into the future, and holds an advantage that many aviation startups with radical concepts don't have: Experience and funding. It is developing Vahana through its A3 unit, which formally opened this year in San Jose, the heart of California's tech community. Airbus made an initial $150 million funding commitment for its new venture capital unit, which is seeking out investments in disruptive technologies to speed up innovations in aerospace. "The aircraft we're building doesn't need kate spade wallet outlet a runway, is self piloted, and can automatically detect and avoid obstacles and other aircraft," A3 chief executive Rodin Lyasoff wrote in September. "Designed to carry a single passenger or cargo, we're aiming to make it the first certified passenger aircraft without a pilot."The project hopes to fly a full size prototype by the end of 2017 and eventually have something it can sell by 2020, Lyasoff wrote. For sure, commercial or passenger use of such a machine faces significant hurdles, including a lack of established standards for electric planes and any aircraft that doesn't have pilots. Airbus isn't the only manufacturing industry pillar to explore new areas of mobility. Car makers Toyota and Honda have sought to expand into aviation. Honda delivered its first private jet in 2015 after three decades developing new aerospace technology. Related: Hybrid plane could help develop future electric airliners Airbus is trying to tap into a nascent, but fast growing, field: the use of battery powered electric propulsion technology to enable on demand services. In this case, the vision is for air taxis that use "urban airways in a predictable and controlled manner," wrote Lyasoff. Airbus announced last year that one of the first A3 projects would be a collaboration with Uber to prove a new business model for helicopter operators. NASA, too, is investing heavily in researching electric propulsion and plans to fly its own design, the X 57, in 2018. Of course, flying taxis that don't have pilots pose some tricky safety issues. Airbus says that "sense and avoid" technology will be used to prevent midair collisions, and a ballistic parachute would deploy if a craft's engines malfunction. CNNMoney (New York) First published October 20, 2016: 6:48 PM ET Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: Morningstar, Inc. Factset: FactSet Research Systems Inc.. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S Dow Jones Indices LLC and have been licensed for use to S Opco, LLC and CNN.

Standard Poor's and S are registered trademarks of Standard kate spade store Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices S Dow Jones Indices LLC and/or its affiliates.

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