Valo will be able to travel a distance of up to 100 miles, and, if it is approved, will initially start with journeys from Canary Wharf.
Each journey, which will be piloted and accommodate up to six passengers, will cost passengers about the same price as a black cab, it is claimed.
The manufacturers are aiming to produce 175 of the flying taxis by 2030.
“Like all new technology, Vertical Aerospace expects its aircraft will initially be a premium product used for airport transfers, but will evolve and become very affordable once production grows,” a spokesperson for Vertical said.
“Where it starts to become affordable is, we’ve got a vehicle that can fly lots of times a day, can carry lots of passengers, needs very little maintenance, is very efficient to operate.
“Ultimately, the potential is for this aircraft to be a similar cost as hiring an Uber,” the spokesperson added.
