E-Volo has secured $5.8m in funding from Intel and Btov Partners as it continues development on its Volcopter unmanned aerial vehicle.
Semiconductor producer Intel and venture capital firm Btov Partners have provided €5m ($5.8m) in funding for Germany-based automated aerial vehicle developer E-Volo, Tech.eu has reported.
Founded in 2011, E-Volo is developing an electric, driverless, aerial vehicle for passenger transport called Volocopter that will be able to take off and land vertically. It plans to commercially license the technology once it is ready.
The company recently tested its two-seater aircraft in Dubai and is currently conducting further development, but has not…
