Germany’s Volocopter promised its electric-powered, two-seater aircraft, the VoloCity, would be ferrying passengers around the city. The company ran several demonstration flight although it never happened commercially. While missing that deadline, Volocopter was seeking fresh investment to keep the firm going, as talks to borrow ¢100m (£83m)  from the government evaporated in April. Now hopes are pinned on China’s Geely, which is in talks to take over 85 per cent stake in Volocopter in return for $95m of funding, which could mean future manufacture would be moved to China. Volocopter and dozens of there companies around the world developing an … Continue reading Electrical vertical take-off taxi dreams crashed as cash runs short