An electric flying taxi service was one of the innovations planned for this year’s Olympics in Paris.
Germany’s Volocopter said that the VoloCity, a two-seater, electric-powered aircraft, would be used to transport people throughout the city.
It never took place. The business instead conducted test flights.
Even though it was terrible to miss that deadline, Volocopter was dealing with a more pressing problem behind the scenes: they were desperately trying to secure new funding to keep the business afloat.
Negotiations to borrow €100 million (£83 million; $106 million) from the government broke down in April.
Currently, all eyes are on China’s Geely, which is negotiating to acquire an 85% share in Volocopter in exchange for $95 million in cash, according to a Bloomberg story. According to the agreement.
