, a German company that’s developing electric take-off and landing (eVTOL) aircraft, announced it has raised €50 million ($55 million) in a series C round of funding led by Chinese automotive company Zhejiang Geely, which owns such well-known car brands as Volvo and Lotus.
Founded in 2011, Volocopter is to emerge in recent times, including Lilium which more for a similar proposition. a test for its “flying car” prototype, and Airbus autonomous air taxi test last year. Uber, for its part, is in air taxi research.
As part of its ambitions to populate the skies above with flying cabs, Volocopter recently announced a prototype air taxi landing facility ahead of trials in Singapore. It’s designed to showcase Volocopter’s vision of a future in which personal