August 4, 2017
German automobile firm Daimler and other investors have has invested more than $29 million dollars (25 million euro) in aviation start-up Volocopter.
Volocopter plans to use the money to invest in further developing its electrically powered, autonomous Vertical Take-Off and Landing (VTOL) aircraft and ‘conquer’ the market for flying air taxis.
Volocopter’s ‘Volocopter 2X’ is a fully electric VTOL with 18 quiet rotors and a maximum airspeed of 100 kilometers (62 miles) per hour – and it can transport two passengers without a pilot.
The funding is being provided by Daimler, as well as technology investor Lukasz Gadowski from Berlin and other investors.
In addition to the funding news, Volocopter announced that in the fourth quarter of 2017, it will work with Dubai’s Road and Transport Authority (RTA) to conduct tests of its vehicle as an autonomous air taxi.
This article was posted: Friday, August 4, 2017 at 7:49 am