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What is Geely Invests in Volocopter Air Taxis about?

Geely, a Chinese carmaker, will take a minority stake in German flying taxi startup Volocopter as the lead investor in a €50 million funding round. Geely aims to work with Volocopter to launch air taxis in Chinese cities. As well as owning car brands like Volvo and Lotus, Geely is expanding into new mobility technologies. The investment could cause political tensions in Germany due to concerns about growing Chinese influence, but Volocopter stressed that Geely will not be a dominant investor and no technolo

Author

Maria Bordogna

Language

EN