Volocopter which is a drone autonomous electric flying taxis. This is a type of urban commercial passenger transportation service. Volocopter GmbH is a Germany -based aircraft manufacturer company. This is located at Bruchsal and founded by Mr. Alexander Zosel and Mr. Stephan Wolf. The company is specializing in the designing of electric helicopters and others. The company launched its latest model is two passenger VoloCity air flying taxi. The company received nearly US$ 55 Million in funding from Zhejiang Geely Holding Group Co., Ltd. Which is a China-based automotive company that owns Lotus, Volvo, and many other car companies as well as brands worldwide.
The flying cars are becoming popular with its high tech features along with Series C funding raised to € 85 million. In today’s world, there is no commercial air taxi or flying car services in an urban area. Much other company is focused on designing new styles of aircraft. As well as concentrating on manufacturing flights with an affordable alternative for road-based transportation. Mr. Florian Reuter CEO of Volocopter said that with the lunch of Volocopter which is an air taxi, the company is adding a new level of mobility in the skies for the future.
The goal of the company was always to democratize flying. The company will be launching its first services in countries such as Singapore and Dubai, Along with the partnership with the European city. Startups companies such as Volocopter characterize by a stable version for the future of transportation. Besides, companies such as Geely, Daimler AG, and Intel Corporation have a diversified business segments. All the prominent players are investing and working with Volocopter in order to key role and financial stake in the market.
Furthermore, Geely is a privately held automotive group. It is located at Hangzhou in Zhejiang province, China. The company, along with many other local players is investing Volocopter GmbH, which is a Germany-based company.