Daimler will invest in flying taxi firm Volocopter

Volocopter, a German startup that wants to build flying taxis, has raised nearly $30 million from investors, including automaker Daimler and entrepreneur Lukasz Gadowski. These electric air taxis will be able to fly without help from humans. Volocopter will use the funds to continue developing its two-seater electric vertical take-off and landing vehicles (eVTOL) with ultimately dominate the flying taxi market.

To accelerate its plan, Volocopter plans to hire more engineers with specialties in developing flight systems, software, and electric propulsionVolocopter plans to bring the first licensed eVTOL to market in 2018. Autonomous flying taxis might seem like a fantastical idea. However, it’s one that several companies and even governments are pursuing. For instance, Volocopter is working with the state transport authority in Dubai to launch demonstrations of an autonomous air taxi sometime in the fourth quarter of 2017. Read more

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