German flying taxi startup Volocopter mentioned on Tuesday it was buying long-time companion DG Flugzeugbau, in a step that secures its compliance with the European Union air security regulator’s manufacturing requirements.

The acquisition, the phrases of which weren’t disclosed, implies that Bruchsal-based Volocopter now has manufacturing organisation approval in compliance with the European Union Aviation Security Company (EASA), along with current EASA design approval.

“Volocopter is now the primary and solely electrical vertical take-off and touchdown firm holding each the required design and manufacturing organisation approvals to advance its plane in direction of industrial launch,” it mentioned in an announcement.

Volocopter hopes to deliver its two-seater flying taxi, which seems like an outsized drone, into common service in time for the 2024 Paris Olympics. It’s also creating the same cargo-lift drone.

It lately raised EUR 200 million (roughly Rs. 1,765 crores) to fund its push for certification. Nicely-funded rivals Lilium and Joby have in the meantime introduced plans to drift on the US inventory market by merging with listed shell corporations.

© Thomson Reuters 2021

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