ALI Technologies, the company that makes flying motorbikes will become the first company in the home market of Japan to be listed on the stock exchange. However, tech and auto companies are not exactly listed on the stock exchange but now ALI technologies become the first to come in Japan market to do so.
Shuhei Komatsu started the Tokyo-based firm in 2016 as a drone manufacturer, and it will shortly launch its Initial Public Offering (IPO) on the Tokyo Stock Exchange. The firm is well-known for producing the Xturismo Limited bike, a one-person transporter for $777,000 that can reach a peak speed of 80 kmph and ride for up to 40 minutes on a single charge. According to the business, sales of the Xturismo flying motorcycle will begin in October.
ALI Technologies is in discussions with the Tokyo Stock Exchange and has chosen lead financiers for an initial public offering on Tokyo's Mothers market for startups. So far, Xturismo Limited has been shown at public events, and there appears to be a lot of interest from the Middle East market. The ALI bike isn't designed to fly high in the air, but rather to traverse harsh terrain and even cross bodies of water. It looks like a bigger version of a drone, but it's built like a motorbike.
Sega Sammy Holdings Inc., Nagoya Railroad Co., Nakanihon Air Service Co., Kyocera Corp., and Mitsubishi Electric Corp. are among the companies that have invested in ALI Technologies. Local soccer player Keisuke Honda, who represented Japan at the 2018 World Cup, is also a supporter. Aside from drones and flying motorcycles, ALI is also working on artificial intelligence and Blockchain technology.
The flying motorcycle appears to be a science-fiction vehicle from the future. ALI, on the other hand, is only now catching up with the west, where a number of its peers are already listed on the New York exchanges. Joby, Archer Aviation Inc., Lilium NV, and Vertical Aerospace are among the companies involved. Joby is believed to have a $3 billion market capitalization and is on the verge of monetizing its electric vertical takeoff and landing aircraft (eVTOLs).
According to experts, the next 18 months will be critical for the emerging industry as interest remains high. Manufacturers will test flights and finalize plans over the next two months, while regulators will work to develop the necessary safety standards. Meanwhile, ALI Technologies will work with local officials to determine the optimum classification for their vehicle. The firm hasn't determined an exact worth yet, but it aspires to a billionaire valuation of $1 billion or more in the long run.
