Chinese automotive company Geely led a Series C financing round of $55 million into German flying taxi company Volocopter.
A new kind of vehicle that doesn’t require drivers seems to be just around the corner. Tech giants, startups, car makers, and ride-hailing firms are now racing to get the autonomous vehicles (AVs) on public roads.
The Chinese automobile company Geely Holding Group (Geely) and the German Daimler AG (Daimler) announced on Mar. 28 the formation of a 50-50 global joint venture to develop and operate smart brand.