China’s Vertaxi Secures Funding For eVTOL Prototype
Shanghai-based Vertaxi has begun final assembly of its prototype M1 eVTOL air taxi.
Credit: Vertaxi
Chinese startup Vertaxi has raised 150 million yuan ($21.6 million) to support development of its Matrix 1 electric vertical takeoff and landing (eVTOL) air taxi. The funding round was led by investment fund Skyview and takes money raised so far to $26 million. Shanghai-based Vertaxi, formerly...
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