Enterprise capitalist Tim Draper is making ready to assist launch a startup constructing an electrical aerial passenger automobile to be unveiled later this month, just some weeks after the high-profile flameout of a “flying car” company backed by Google co-founder Larry Web page.

The brand new startup, Alef Aeronautics Inc., is targeted on growing a automobile that appears extra like a automotive than a small helicopter. That will set it other than most corporations in an rising trade constructing so-called electrical vertical takeoff and touchdown automobiles.