BERLIN (Reuters) – German flying taxi startup Volocopter stated on Tuesday it was buying long-time accomplice DG Flugzeugbau, in a step that secures its compliance with the European Union air security regulator’s manufacturing requirements.
The acquisition, the phrases of which weren’t disclosed, signifies that Bruchsal-based Volocopter now has manufacturing group approval in compliance with the European Union Aviation Security Company (EASA), along with current EASA design approval.
“Volocopter is now the primary and solely electrical vertical take-off and touchdown firm holding each the required design and manufacturing group approvals to advance its plane in the direction of industrial launch,” it stated in a press release.
Volocopter hopes to carry its two-seater flying taxi, which appears to be like like an outsized drone, into common service in time for the 2024 Paris Olympics. Additionally it is creating an analogous cargo-lift drone.
It lately raised 200 million euros ($237 million) to fund its push for certification. Nicely-funded rivals Lilium and Joby have in the meantime introduced plans to drift on the U.S. inventory market by merging with listed shell firms.
(Reporting by Douglas Busvine; Enhancing by Kirsten Donovan)