FRANKFURT - Germany's Volocopter said it has received 25 million euros ($30 million) in funding to develop an electric flying taxi, with car and truck maker Daimler among the firms providing fresh cash.
Daimler joined a consortium that includes technology investor Lukasz Gadowski, who sits on the supervisory board of Delivery Hero, and others, Volocopter said on Tuesday.
Potential competitors to Volocopter include German start-ups Lilium Jet and eVolo, as well as U.S.-based Terrafugia and California-based Joby Aviation. Commercial aircraft and helicopter manufacturer Airbus is also developing a single-seat "flying car."
Reporting by Edward Taylor