Dreams Of A European Flying Taxi Crushed By A Lack Of Money

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Dreams of a European flying taxi crushed by a lack of money
Dreams of a European flying taxi crushed by a lack of money from

Dreams of a European flying taxi crushed by a lack of money

Another European air taxi startup has crashed

Airbus-backed Volocopter has halted development of its VoloCity and VoloConnect air taxis and laid off 15% of its staff.

Volocopter was founded in 2011 and has taken off more than 100,000 flights. It was one of the first companies to launch an air taxi service, and it had planned to start commercial operations in several cities this year.

However, the company has been struggling to raise enough money to bring its air taxis to market. It has raised more than 500 million euros in funding, but it needs more to complete development and start production.

The challenges of developing air taxis

Air taxis are still in their early stages of development. They are expensive to develop and build, and they face a number of regulatory hurdles.

Air taxis also need to be safe and reliable. They need to be able to operate in all weather conditions and they need to be able to land and take off in confined spaces.

The development of air taxis is also being hampered by a lack of infrastructure. There are currently no dedicated air taxi landing pads or vertiports, and the airspace is not yet regulated for air taxi operations.

The future of air taxis

Despite the challenges, there is still a lot of interest in air taxis. A number of companies are developing air taxis, and several governments are investing in the technology.

If air taxis can overcome the challenges of development and regulation, they have the potential to revolutionize transportation. They could provide a fast and convenient way to travel between cities and within cities.

However, it is unclear when air taxis will become a reality. The technology is still in its early stages of development, and it will take time to overcome the challenges of regulation and infrastructure.

Here are some of the key challenges facing the development of air taxis:

Despite the challenges, there is still a lot of interest in air taxis. A number of companies are developing air taxis, and several governments are investing in the technology. If air taxis can overcome the challenges of development and regulation, they have the potential to revolutionize transportation. They could provide a fast and convenient way to travel between cities and within cities.