Move over hoverboard, here comes the jetpack

Posted on 16 Jan 2015 by Tim Brown

KuangChi Science to invest in NZ Jetpack and space baloon

New Zealand-based Jetpack manufacturer, Martin Aircraft, has received a $50m investment from Hong Kong investment fund KuangChi Science to further commercialise its working jetpack creation.

The Australian Financial Review reported that the AUD$50m investment over the next two years means that the New Zealand-based Martin Aircraft is likely to list with the ASX in late February. According to the company, the jetpack is suitable for a government and agency market, with a single jetpack costing around US$200,000 plus modifications. [caption id="attachment_240719"…

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