Aviation: Electric aircraft: This company wants to revive Germany's regional flight routes
Start-up Vaeridion is building an electric aircraft for nine people. The company from Munich is now receiving more than €120 million in capital for this. However, passengers will have to be patient for now.
Vaeridion, a Munich-based start-up, aims to develop fully electric planes, as most aircraft currently rely on fossil fuels. The company's CEO, Ivor van Dartel, believes Vaeridion has the potential to become a market leader in electric aviation. The start-up has secured 30 million euros in investments and 94.5 million euros in funding from the European Commission to build an assembly plant at Oberpfaffenhofen airport near Munich. Vaeridion was founded in 2021 and has already gained the support of investor Project A.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
