While much of the eVTOL industry has its sights set on urban air taxis or cargo transportation, entrepreneur Matthew Pearson had another idea: electric flying race cars. So in 2019, he founded two companies, Alauda Aeronautics to manufacture the aircraft and Airspeeder, an international series to race them. Now, Airspeeder says it has completed the first test flights of the debut electric flying race car and is poised to host the inaugural race of its EXA series this year.