SkyDrive and Suzuki to Collaborate on Business and Technology of Flying Cars

- Start Consideration of Development and Production of Flying Cars,and Market Development in India

TOYOTA,Japan and HAMAMATSU,Japan,March 25,2022 --SkyDrive Inc. (hereinafter "SkyDrive") and Suzuki Motor Corporation(hereinafter "Suzuki") jointly announced on March 22 a partnership for thecommercialization of flying cars (*).

SkyDrive is a leading manufacturer of flying cars in Japan and is currentlyengaged in the development of a compact,two-seater electric-powered flying carwith plans for full-scale production.

Suzuki is one of Japan's leading automakers with expertise that includesmanufacturing and selling compact cars in international markets.

Under the terms of the agreement,SkyDrive and Suzuki will start considerationto collaborate in areas of business and technology that include technology R&D,planning of manufacturing and mass-production systems,development of overseasmarkets with an initial focus on India,and promotion of efforts to attaincarbon neutrality.

SkyDrive aims to begin air taxi service during the 2025 World Exposition inOsaka,as well as to initiate service in other regions of Japan.

Suzuki,which has the company motto "Develop products of superior value byfocusing on the customer," currently offers products in three mobilitycategories -- automobiles,motorcycles,and outboard motors. The company aimsto remain indispensable to people by staying closely attuned to their lives andproviding mobility. The partnership with SkyDrive will provide Suzuki withopportunities to explore and potentially add flying cars as a fourth mobilitybusiness.

About SkyDrive Inc.

SkyDrive was established in July 2018 with the mission of "leading aonce-in-a-century mobility revolution." Since then,it has advanced thedevelopment of flying cars and cargo drones while working in partnership withothers to promote the shared vision of a future in which people use airmobility as a means of transportation in their daily lives. SkyDrive is theonly company in Japan that has successfully conducted manned test flights andis now involved in designing a system for future air mobility as a member ofJapan's public-private council for advanced air mobility. The company's cargodrones,which can carry payloads of up to 30kg,are already being used atworksites in Japan,mainly in mountainous areas. SkyDrive is aiming to launch aflying car service in the Osaka Bay area in 2025. SkyDrive has headquarters inShinjuku,Tokyo. Tomohiro Fukuzawa is CEO of the company.

For more information,please visit: https://en.skydrive2020.com/

About Suzuki Motor Corporation

Suzuki Motor Corporation is one of Japan's leading carmakers and a globalmotorcycle manufacturer. The company's non-vehicle products include outboardmotors for boats and motorized wheelchairs. It builds its lineup on its own andthrough numerous subsidiaries and joint ventures outside Japan. Suzuki wasestablished in 1920 and has headquarters in Hamamatsu,Shizuoka. ToshihiroSuzuki is President of the company.

Website: https://www.globalsuzuki.com/

Editor's Note:

(*) Flying cars are formally known as eVTOL (electric vertical takeoff andlanding) aircraft. eVTOL is characterized by electrification,a fully autonomous autopilot,and vertical takeoff and landing. As a new advancement in the field of mobility,the development of flying cars is being promoted in many countries around the world. In Japan,the Public-Private Council for Air Mobility Revolution was established in 2018 with meetings held since then. The project is expected to lead to taxi services in urban areas,new means of transportation for remote islands and mountainous areas,and emergency transportation in times of disaster. A roadmap has been formulated by the Ministry of Economy,Trade,and Industry (METI) and the Ministry of Land,Infrastructure,Transport,and Tourism (MLIT) for the start of business in 2023and full-scale deployment in 2030.