Latest in Tomorrow

Image credit: Volocopter

Daimler and Geely back Volocopter to help launch its flying taxi service

Up, up and away.
118 Shares
Share
Tweet
Share
Save

Sponsored Links

Volocopter

Flying taxis are one step closer to becoming a reality. Volocopter announced in 2018 that it hopes to have autonomous air taxis in the sky within five years, and one step on the path to achieving that is securing that all-important investment money.

In its latest round of funding, Volocopter has been backed by Geely, the Chinese automotive group which manufactures Volvo and Lotus cars as well as London's electric black cabs. It has also secured the support of German automotive giant Daimler, which is looking to invest in ride-sharing, autonomous vehicles and taxi services.

Volocopter raised a total of 50 million Euros (about $55 million) with an aim to bring its air taxi service to China. The company says it can use this money to launch a commercial flying taxi within three years. Given its reveal last month of its fourth-generation eVTOL, or electric take-off and landing aircraft, it may well be able to meet its goal and begin trials in Singapore later this year.

The German company faces competition in the skies, however, from the Kitty Hawk air taxi company backed by Google co-founder Larry Page and from Uber which is working on its own flying taxis.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
118 Shares
Share
Tweet
Share
Save

Popular on Engadget

Engadget’s guide to Home Entertainment

Engadget’s guide to Home Entertainment

View
Hulu brings 4K content to the Xbox One

Hulu brings 4K content to the Xbox One

View
What's on TV this week: 'Watchmen'

What's on TV this week: 'Watchmen'

View
Ford's remote car starting and unlocking are available for free

Ford's remote car starting and unlocking are available for free

View
Facebook's Libra loses one more member as its council becomes official

Facebook's Libra loses one more member as its council becomes official

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr