Alexander Zosel gives an update on the development of their electric Volocopter VC200
Ecosummit TV: Alexander Zosel gives an update on the development of their electric Volocopter VC200 at ECO13 London. E-volo was founded in 2011, was funded by the founders with €450K and raised €1.2M in an amazing crowdfunding round on Seedmatch in November 2013. Moreover, the German Federal Ministry for Economic Affairs and Energy granted €2M to contribute to the multi-company project development budget. The first unmanned test flight of the 2-seater VC200 was carried out on 17 November 2013 in Karlsruhe. Currently, E-volo works on the temporary certification from the German aviation authority for their ultralight aircraft (maximum takeoff weight of 450 kg) to start manned test flights. Initially targeting the aerial sports market E-volo has the vision to become a global market leader for urban aviation in the next 10 years. Risk-friendly VCs that love high-tech made in Germany and electric aviation should get in touch with Alex. Full disclosure: Ecosummit is one of E-volo’s crowd investors.
Read moreElectric aviation pioneer Alexander Zosel pitches E-volo
Ecosummit TV: Alexander Zosel pitches E-volo at ECO13 Berlin. The German cleantech startup develops an electric helicopter that will revolutionise urban aviation within the next 10 years. The Volocopter is developed by a consortium of companies and universities that received a €2M grant from the German government. Moreover, the German aviation authority defined a new class of aircraft specifically for the Volocopter. As of today, E-volo plans a slow market entry with a pre-series of 10 Volocopters in 2015. As the new electric helicopter category is a potential multi-billion market opportunity, E-volo will soon realise that they need to raise substantial amounts of venture capital to guarantee high-quality production on the ground as well as safety in the air. For now, they continue their startup rock’n’roll pioneering electric aviation and inventing new PR stunts.
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