Daimler invests in flying taxi firm Volocopter

Daimler invests $30 million in electric flying taxi firm Volocopter.

Germany’s Volocopter said it has received 25 million euros ($30 million) in funding to develop its five-seat electric flying taxi.

The company is developing an electric vertical take off and landing (VTOL), aimed at the taxi market. It plans to start demonstrations in the fourth quarter of 2017.

Daimler invests in flying taxi firm Volocopter (3)

The competitors to Volocopter are: German start-ups eVolo andLilium Jet, and the U.S.-based Terrafugia and Joby Aviation.

Daimler invests in flying taxi firm Volocopter (2)

Daimler invests in flying taxi firm Volocopter (1)

via autoblog