June 09, 2016

"Turns out, Zee.Aero doesn’t belong to Google or its holding company, Alphabet."

Bloomberg: It belongs to Larry Page, Google’s co-founder. by Ashlee Vance and Brad Stone

'Page has personally funded Zee.Aero since its launch in 2010 while demanding that his involvement stay hidden from the public, according to 10 people with intimate knowledge of the company. Zee.Aero, however, is just one part of Page’s plan to usher in an age of personalized air travel, free from gridlocked streets and the cramped indignities of modern flight. Like Jeff Bezos and Elon Musk, Page is using his personal fortune to build the future of his childhood dreams.

'Zee.Aero now employs close to 150 people. Its operations have expanded to an airport hangar in Hollister, about a 70-minute drive south from Mountain View, where a pair of prototype aircraft takes regular test flights. The company also has a manufacturing facility on NASA’s Ames Research Center campus at the edge of Mountain View. Page has spent more than $100 million on Zee.Aero, say two of the people familiar with the company, and he’s not done yet.

'Last year a second Page-backed flying-car startup, Kitty Hawk, began operations and registered its headquarters to a two-story office building on the end of a tree-lined cul-de-sac about a half-mile away from Zee’s offices. Kitty Hawk’s staffers, sequestered from the Zee.Aero team, are working on a competing design. Its president, according to 2015 business filings, was Sebastian Thrun, th­e godfather of Google’s self-driving car program and the founder of research division Google X. Page and Google declined to speak about Zee.Aero or Kitty Hawk, as did Thrun.'

No comments: