Volocopter

German startup raised 25 Million euros to develop flying taxis.

  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Germany’s Volocopters said, It has received 25 million Euros with the automobile firm Daimler from Stuttgart, the technology investor Lukasz Gadowski from Berlin and further investors.

The company said, It will use the capital to develop two seater Electric Vertical Take Off and Landing (eVTOL) taxis, that will play essential role in urban transport.

“The strong financial commitment of our new investors is a signal as well as proof of the growing confidence in the newly emerging market for electrically driven VTOLs put to use as personal air taxis“  Florian Reuter, managing director of Volocopter, is pleased to point out. “We deliberately sought a mix of investors with strategic and entrepreneurial backgrounds  and were able to implement this perfectly with Daimler and Lukasz Gadowski”.

To introduce the Volocopter serial model to the market with full impact the company will also apply the investment to developing brand awareness. In addition a professional communications team all around marketing and PR will be installed in order to be optimally equipped for planned events and demonstrations of the Volocopter in the coming months. This will create additional interest and customers for the Volocopter.

The company recently announced that it would start demonstrations of its autonomous flying taxis in Dubai in the fourth quarter of this year. The first licensed Volocopter should be on the market within the next year, the company said.

  • Dude. You mind if I link to this post from my own site? This is just too awesome.