Volocopter: Raises $55M led by Volvo owner Geely

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Volocopter: Raises $55M led by Volvo owner Geely

Volocopter: Raises $55M led by Volvo owner Geely

  • Volocopter, which has been building drone-like autonomous electric flying taxis
  • The latest model its two-passenger VoloCity announced earlier this summer
  • While there is no commercial airtaxi or other “flying car” services in existence today in any urban area
  • Urban mobility needs to evolve in the next few years to meet rising demand, said Florian Reuter
  • Volocopter has been one of the more prolific when it comes to building and testing its drone-like vehicles
  • Its first launch markets are likely to be Singapore, Dubai where it has a partnership with the city