Volocopter nets $113 million cash injection
(WorldNews Germany)

Volocopter, a German firm developing a two-seat, autonomously operated VoloCity aircraft, has attracted EUR87 million (US$113 million) in investment from logistics group DB Schenker as part of its Series C funding round, AINonline reported. The move, announced on February 21, takes the total raised by the German company to EUR122 million ($159 million). The company intends to operate aircraft itself on urban routes of up around 35 kilometers and at speeds of up to 110 kph. It is also...