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Showing posts with the label #acquisition

Germany's Flying Taxi Volocopter

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 eVTOL Very Close to Commercial Launch                              Source:  Volocopter & Paris 2024 Olympics Volocopter Has Key Design & Production Approvals in the EU Electrical take off and landing vehicles - eVTOLs - are one of the hottest sectors of new air mobility and travel vehicle development. Today, a big contender just got a lot bigger.  Germany's air taxi startup Volocopter is buying its long time partner DG Flugzeubau, a global leader in composite aircraft construction.  That acquisition secures Volocopter's compliance with European Union air safety regulator's production standards.  It provides production organization approval with the EU Aviation Safety Agency (EASA) and the EASA design approvals.  The reason is the two companies have totally co-developed and produced the Volocopter eVTOL. eVTOL First The acquisition makes Volocopter the "first and only eVTOL t...

Hyundai as a Smart Mobility Solutions Co.

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Hyundai Completes Acquisition of Leading Robot Developer Boston Dynamics                                Source:  Hyundai & Boston Dynamics Synergies of Robotics and Automakers Hyundai Motor Group has completed its acquisition of Boston Dynamics, a world leader in developing agile, mobile robots such as Spot the robodog.  Boston Dynamics was valued at $1.1 billion with Hyundai having an 80% stake and SoftBank owning 20%.  The question is why would a global automaker buy a robotics company?  The answer:  Hyundai is going into robotics in multidimensional ways, including autonomous cars, urban air mobility vehicles and robots. Robotic Value Chain Hyundai says that it and Boston Dynamics will create a robotic value chain for everything from robot component manufacturing to smart logistics solutions.  Hyundai already has significant internal robotic expertise inclu...