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Air Taxi Startup Volocopter to Sell 150 Aircraft to China JV

Source: usnews.com usnews.com
News Snapshot:

FILE PHOTO: A prototype of an electrical air-taxi drone by German start-up Volocopter that takes off and lands vertically performs a non-passenger flight over Le Bourget airport, near Paris, France, June 21, 2021. REUTERS/Christian Hartmann Reuters (Reuters) – German flying taxi startup Volocopter said on Wednesday it would sell 150 electric vertical take-off and landing (eVTOL) aircraft to its joint venture with a unit of Chinese automaker Zhejiang Geely Holding Group. Volocopter, which counts Daimler, BlackRock and Intel Capital as some of its investors, said it expects the partnership to bring eVTOL aircraft to China within the next three to…

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