Lack of local funding partners forces Volocopter to put air taxi launch in Singapore on hold

Volocopter said it would reconsider its Singapore launch schedule once local funding partners have been found. - PHOTO: ST FILE

SINGAPORE: The launch of Volocopter’s air taxi operations in Singapore has been put on hold indefinitely, as the pioneer of flying taxis could not secure local partners who can share the burden of funding the technology involved.

Volocopter told The Straits Times: “We are therefore revising our Singapore launch strategy and timeline.