Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group agreed to invest in Volocopter GmbH. Geely, which also owns Volvo and a stake in Daimler AG, raised $55 million. The goal is to make Volocopter operational within three years.
Posted by Jeffrey Richmond
Mr. Richmond recently retired from the Aerospace industry as a technical writer and continues to write and research on a variety of topics including aviation and aerospace business. He spent a tour of duty as a pilot and instructor in the US Air Force, flew for a regional airline, and taught at two aviation universities. Jeff and his wife Peggy live in the country between Chattanooga and Nashville, Tennessee.
