Germany’s VÆRIDION Raises €124 Million to Bring Electric Regional Flights Closer to Reality
21 Articles
21 Articles
Zeit Online
The development of electric aircraft is risky: two well-known start-ups have already failed. A Munich company has secured the necessary change for the next steps.
The start-up Vaeridion is building an electric aircraft for nine people. For this, the Munich-based company now receives more than 120 million euros of capital. Passengers still have to endure.
VÆRIDION investment: VÆRIDION received €30 million in investment for its 9-passenger Microliner and was selected for €94.5 million in EU funding. Turkish operations have not yet been announced.
Germany’s VÆRIDION raises €124 million to bring electric regional flights closer to reality
Munich-based aviation startup VÆRIDION has raised €30 million in a Series A2 funding round and selected for a €94.5 million grant from the European Commission’s Innovation Fund, bringing the combined value to €124.5 million. The investment round was co-led by Dutch investors SHIFT Invest and Invest-NL, with participation from existing backers World Fund, Project A and Vsquared Ventures. PAYBACK founder and DeepTech investor Alexander Rittweger a…
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