Geely takes stake in German ‘flying taxi’ firm

German “flying taxi” developer Volocopter said Monday it had raised 50 million euros (US$55.1 million) from investors including automaker Geely, risking a revived debate about Chinese investments in EU firms. “The new funds will be used towards bringing the VoloCity aircraft to commercial launch within the next three years,” Volocopter said in a statement. Small firms, including […]