Air taxi Volocopter takes off with €5 million funding for urban mobility

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After its Dubai test flight last September, Volocopter raised €5 million in another funding round led by Intel and btov Partners. Volocopter draws deep inspiration from rising urbanization for its alternative mobility carrier. The Volocopter 2X aircraft has been designed with features much fitted for an urban air taxi – ultralight, quiet, electric, and it allows for a vertical takeoff, which enables a runway-free takeoff.  Moreover, its intelligent system can facilitate air-taxi hailing services with the use of smartphones.  Recently, developments in the aero-tech space have sparked interest and demand in the flying car sector. For example, Dubai’s flying taxi tests form part of the city’s goal to have autonomous cars handling 25% of passenger transport by 2030.  Meanwhile, Uber’s Elevate Summit held last April kicked off its aviation-on-demand project by partnering with Bell Helicopter and Aurora Flight Services, among others. 

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