![Mercedes’ parent company is making a big investment in a flying taxi startup — here’s what we know Mercedes’ parent company is making a big investment in a flying taxi startup — here’s what we know](https://idea-events.com/wp-content/uploads/2017/08/but-its-not-a-long-range-vehicle-the-volocopter-2x-is-powered-by-nine-batteries-that-allow-it-to-fly-for-17-minutes-at-a-cruising-speed-of-43-mph.jpg)
Mercedes’ parent company is making a big investment in a flying taxi startup — here’s what we know
German startup Volocopter recently secured €25 million ($30 million) investment in a funding round led by Daimler, the parent company of Mercedes-Benz.
Volocopter has designed an electric, flying taxi that will start shuttling passengers around Dubai as part of a five-year testing period with Dubai’s Road and Transport Authority. The tests will begin by the end of the year.
Here’s what you need to know about the Daimler-backed startup:
Volocopter, formerly eVolo, has been working on its Vertical Take-Off and Landing (VTOL) aircraft since 2011. Like the name suggests, the flying taxi can take-off vertically without needing a runway.
The aircraft, dubbed the Volocopter 2X, is the startup’s second-generation vehicle. It has been approved as an ultralight vehicle in Germany and can recharge in just 40 minutes using a DC fast charger.
Read the full article here.
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