Tech

Startup Air Taxi Volocopter hires former Airbus Chief of Defense as next CEO

PHOTO FILE: Volocopter is preparing for the show when the innovative transport and technology conference CoMotion LA is due to start on November 16, 2021 in Los Angeles, California, USA, on November 16, 2021. REUTERS / Mike Blake /

March 8, 2022

Nadine Shimroshik

BERLIN (Reuters) – German startup Volocopter is hiring Dirk Hockey, a former head of Airbus’ defense and aerospace division, as CEO in September.

Hockey will replace longtime Volocopter head Florian Reuter, and he will be tasked with successfully completing the company’s electric flying taxi certification process.

“It’s going to be incredibly exciting, but also a difficult time,” Hawk told Reuters on Tuesday.

The CEO, like Reuter, worked at Siemens before joining Airbus.

Volocopter is in an expensive race with companies around the world including Lilium, Joby Aviation and Airbus to get the first flying taxi certified by regulators. He aims to achieve this in about two years.

To cover the costs of certification and related construction of production facilities, a company from Bruchsal, near Stuttgart, is raising more money.

Last week alone, it said it had attracted 153 million euros from investors. It is now estimated at about 1.5 billion euros,

“There are still some investors who want to help us eventually reach 500 million euros,” said Volocopter Advisory Board Chairman Stefan Klock.

Volocopter is aiming to enter the stock market, albeit a little later than originally planned.

“We want to publish pictures from the Summer Olympics in Paris,” said Clock, aiming for 2024.

Since its founding in 2011, Volocopter has attracted more than 495 million euros from investors including Deutsche Bahn, Intel and Mercedes-Benz.

(List: Paul Karel; edited by Mark Potter)



Startup Air Taxi Volocopter hires former Airbus Chief of Defense as next CEO

Source link Startup Air Taxi Volocopter hires former Airbus Chief of Defense as next CEO

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