Volocopter raises €50m for air taxi launch

Volocopter has raised €50 million to help commercially launch its VoloCity air taxi within the next few years. Automotive company Zhejiang Geely Holding led the funding round and is partnering with Volocopter to develop urban air mobility in China. Li Shufu, Geely Holding chairman, says: “Geely is transitioning from being an automotive manufacturer to a mobility technology group, investing in and developing a wide range of next-generation technologies.” Looking ahead, Volocopter expects to close
September 16, 2019 Read time: 1 min

8772 Volocopter has raised €50 million to help commercially launch its VoloCity air taxi within the next few years.

Automotive company Zhejiang Geely Holding led the funding round and is partnering with Volocopter to develop urban air mobility in China.

Li Shufu, Geely Holding chairman, says: “Geely is transitioning from being an automotive manufacturer to a mobility technology group, investing in and developing a wide range of next-generation technologies.”

Looking ahead, Volocopter expects to close a second funding round toward the end of the year and says it remains open to new investors.

For more information on companies in this article

Related Content

  • The need to accelerate systems standardisation
    January 31, 2012
    While the US has achieved an appreciable level of success when it comes to implementation of standards-based systems at the urban and intersection control levels, the overall standards implementation effort is not progressing at anywhere near a level commensurate with the size of the country and its population, says Christy Peebles, business unit manager with Siemens Industry, Inc.'s Mobility Division. She attributes the situation to a number of factors: "There's a big element of 'Not Invented Here' syndro
    Read More
  • London Taxi Company unveils new electric taxi, new name
    July 14, 2017
    The London Taxi Company has unveiled its new London taxi, the TX, and its eCity technology comprising of an advanced battery electric powertrain with a small petrol generator.
    Read More
  • Pony.ai & Sany go AV trucking
    August 19, 2022
    Joint venture will see companies develop Level 4 autonomous truck for mass production
    Read More
  • Frequency changes threaten vehicle safety applications
    January 24, 2012
    The use of frequency spectrum at 5.9GHz for vehicle safety applications is at risk because of two draft bills currently before Congress. Here, we look at why and what’s being done to address the issue. In the US, the right of cooperative infrastructure to use frequency at 5.9GHz is under threat as a result of the proposal of two bills in Congress. The chronology of spectrum allocation for Dedicated Short- Range Communications (DSRC)-based Vehicle-to-Infrastructure (V2I) and Vehicle-to-Vehicle (V2V) safety a
    Read More

Highlighted Content