SkyDrive and Osaka Metro Signs AgreementTowards Social Implementation of eVTOL after the EXPO 2025

Sky­Drive and Osa­ka Metro are join­ing forces to explore the future of urban air mobil­i­ty. This excit­ing part­ner­ship aims to study the fea­si­bil­i­ty of using eVTOLs in the Osa­ka area after the Expo 2025, bring­ing us one step clos­er to a world where fly­ing cars are a real­i­ty.

TOYOTA, Japan, August 26, 2024- Sky­Drive Inc. (“Sky­Drive”), a lead­ing Japan­ese eVTOL air­craft (*1)
man­u­fac­tur­er based in Japan, announced that it has signed an agree­ment with Osa­ka Metro Co.,
Ltd. (“Osa­ka Metro”) to study the fea­si­bil­i­ty of using eVTOL in the Osa­ka area after the Expo 2025
Osa­ka, Kan­sai, Japan (“the Expo”). In addi­tion, Osa­ka Metro invest­ed in Sky­Drive.

Sky­Drive was select­ed to par­tic­i­pate in the Advanced Air Mobil­i­ty “Smart Mobil­i­ty Expo” Project in
2025 (*2).
Osa­ka Metro oper­ates eight sub­way lines and one New Tram, which is an auto­mat­ed, dri­ver­less
tram. Each day, around 2.4 mil­lion pas­sen­gers use the Osa­ka Metro rapid tran­sit sys­tem. The
com­pa­ny is also advanc­ing an urban Mobil­i­ty-as-a-Ser­vice (MaaS) con­cept called “e METRO,” which
inte­grates var­i­ous modes of trans­port, includ­ing sub­ways, bus­es, and taxis, to make Osa­ka city more
con­ve­nient. In Feb­ru­ary 2024, Osa­ka Metro was select­ed as an oper­a­tor of a ver­ti­port out­side the
Expo site in Osa­ka.
Sky­Drive and Osa­ka Metro have dis­cussed ver­ti­port oper­a­tions both dur­ing and after the Expo. As
Sky­Drive envi­sions a future where eVTOL becomes a com­mon mode of dai­ly trans­porta­tion, the two
com­pa­nies rec­og­nized a shared vision and iden­ti­fied a strong align­ment between their goals.
Under this agree­ment, Sky­Drive and Osa­ka Metro will explore detailed busi­ness plans and
oper­a­tions to deter­mine how they can prac­ti­cal­ly use eVTOL tech­nol­o­gy.

Ends

About Osa­ka Metro Co., Ltd.
Osa­ka Metro is the direct legal suc­ces­sor to the Osa­ka Munic­i­pal Trans­porta­tion Bureau, which
oper­at­ed the sub­way as the Osa­ka Munic­i­pal Sub­way. Osa­ka Metro oper­ates a sub­way net­work of
137.8 kilo­me­ters with nine lines across cen­tral Osa­ka, play­ing a cru­cial role as social infra­struc­ture.
In addi­tion to its fun­da­men­tal mis­sion as a ‘trans­porta­tion infra­struc­ture’ pro­vid­ing safe­ty, secu­ri­ty,
and com­fort, and as a ‘social infra­struc­ture’ sup­port­ing dai­ly life, the com­pa­ny also aims to serve as
a ‘vital­i­ty infra­struc­ture’ where diverse peo­ple meet and cre­ate new val­ues togeth­er. Its cor­po­rate
phi­los­o­phy is to con­tribute to the fur­ther devel­op­ment of the inter­na­tion­al city of Osa­ka. Osa­ka
Metro is advanc­ing its busi­ness activ­i­ties with the goal of cre­at­ing a city cen­tered on trans­porta­tion.
For more infor­ma­tion, please vis­it: https://www.osakametro.co.jp/en/
About Sky­Drive Inc.
Sky­Drive was for­mal­ly estab­lished in July 2018 after test­ing fly­ing car con­cepts and pro­to­types from
2014 with the mis­sion of “tak­ing the lead in the once-in-a-cen­tu­ry mobil­i­ty rev­o­lu­tion.” Its vision is
to cre­ate a future where every­one has access to eVTOLs as their dai­ly trans­porta­tion in Japan and
across the world. The com­pa­ny suc­ceed­ed in the first crewed eVTOL flight test in Japan in 2019 and
its eVTOL “SKYDRIVE” is in the process of acquir­ing its Japan Civ­il Avi­a­tion Bureau and Fed­er­al
Avi­a­tion Admin­is­tra­tion cer­ti­fi­ca­tion. Sky­Drive has been select­ed as a com­pa­ny to par­tic­i­pate in the
Advanced Air Mobil­i­ty project at Expo 2025 Osa­ka, Kan­sai, Japan. Sky­Drive began pro­duc­tion of
“SKYDRIVE” in March 2024 at the plant owned by offi­cial pro­duc­tion part­ner Suzu­ki Motor Com­pa­ny.
Sky­Drive is head­quar­tered in Toy­ota, Aichi Pre­fec­ture. Tomo­hi­ro Fukuza­wa is the CEO of the
com­pa­ny.
For more infor­ma­tion, please vis­it: https://en.skydrive2020.com/

Part­ing Thoughts

The col­lab­o­ra­tion between Sky­Drive and Osa­ka Metro sig­nals a sig­nif­i­cant step towards the inte­gra­tion of eVTOLs into our dai­ly lives. As these two indus­try lead­ers com­bine their exper­tise, we can antic­i­pate a future where com­mut­ing takes on a whole new dimen­sion. The sky’s the lim­it!