Geely invests heavily in German air taxi startup

China Daily (Europe) | Sep 11, 2019 at 12:00 AM
  • Chinese automaker Geely has taken a stake in the German air taxi company Volocopter, leading a round of investment worth 50 million euros ($55.2 million) that will help the startup finance its commercialization within the next three years.
  • Volocopter, an urban air mobility pioneer, announced it had concluded its latest funding round with the participation of Zhejiang Geely Holding Group, the parent company of Volvo Cars and the London Electric Vehicle Company.
  • Zhejiang Geely Holding sold more than 2.15 million vehicles in 2018.