UNITED KINGDOM — Rolls-Royce is planning to launch a four-to-five seat flying taxi with a maximum speed of 250 miles per hour, reports the BBC.<br /><br />Rolls-Royce Motor Cars, which is owned by German car manufacturer BMW, is not related to this venture of creating flying taxis, according to the Chicago Tribune.<br /><br />The vehicle would be powered by six electric propulsors,using gas turbine energy.<br /><br />Rolls-Royce claims the flying taxi would also be able to take off and land vertically because of the wings ability to rotate 90 degrees.<br /><br />The company also claims that once the vehicle reaches its cruising height, its propellers would automatically "fold away and rely on several rear propellers for thrust."<br /><br />The EVTOL, or electric vertical take-off and landing vehicle, could be flying in the sky in the 2020s, reports Phys Org.<br /><br />According to a statement published by the company, the vehicle could be used for military purposes as well as cargo or personal use.<br /><br />The launch details were announced during the Farnborough International Airshow in Hampshire, located in the southern coast of England.