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Air taxi startup Volocopter gains key production certification

Air taxi startup Volocopter gains key production certification

BERLIN – German flying taxi startup Volocopter said on Tuesday it was acquiring long-time partner DG Flugzeugbau, in a step that secures its compliance with the European Union air safety regulator’s production standards.

The acquisition, the terms of which were not disclosed, means that Bruchsal-based Volocopter now has production organization approval in compliance with the European Union Aviation Safety Agency (EASA), in addition to existing EASA design approval.

“Volocopter is now the first and only electric vertical take-off and landing company holding both the required design and production organization approvals to advance its aircraft towards commercial launch,” it said in a statement.

Volocopter hopes to bring its two-seater flying taxi, which looks like an oversized drone, into regular service in time for the 2024 Paris Olympics. It is also developing a similar cargo-lift drone.

It recently raised $237 million to fund its push for certification. Well-funded rivals Lilium and Joby have meanwhile announced plans to float on the U.S. stock market by merging with listed shell companies.

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Julia has handled various businesses throughout her career and has a deep domain knowledge. She founded Stock Market Pioneer in an attempt to bring the latest news to its readers. She is glued to the stock market most of the times and just loves being in touch with the developments in the business world.

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