Expanding Mobility to the Skies
The growing migration of people to cities is pushing current models of mobility to their limits. The need to find solutions is sparking an explosion of innovation and disruption from private companies like Volocopter. With nearly a decade of experience testing its air taxi technology, the German-based startup’s electrically powered vertical take-off and landing (eVTOL) aircraft address the increasing need to transform megacity transportation systems and provide people with new commuting options.
“Volocopter is an exciting company that’s well-positioned to revolutionize the mobility and transportation market and contribute to building a sustainable and environmentally friendly transportation infrastructure,” said René Hartner, vice president of Corporate Business Development at
Micron is the largest memory supplier for the automotive industry, with high-performance solutions that facilitate advancements in autonomous driving, virtual reality and air travel. Micron Venture’s investment in Volocopter reflects the company’s constant scouting for new, innovative solutions.
“We’re proud to have Micron partner with us as we execute on our bold vision to bring urban air mobility to life,” said Volocopter CEO
In addition to air taxis, Volocopter is also developing the ecosystem around urban air mobility while working with the
The Memory and Storage Edge
As Micron’s customers demand greater performance and energy efficiency, memory and storage solutions are becoming strategic differentiators for its customers and partners. New sources of data in this ecosystem include embedded systems, sensors in everything, RFID tags, and advanced compute systems in cars, planes and supercomputers.
The new investment round was led by
We are an industry leader in innovative memory and storage solutions. Through our global brands – Micron®, Crucial®, and Ballistix® – our broad portfolio of high-performance memory and storage technologies, including DRAM, NAND, 3D XPoint™ memory and NOR, is transforming how the world uses information to enrich life. Backed by 40 years of technology leadership, our memory and storage solutions enable disruptive trends, including artificial intelligence, 5G, machine learning and autonomous vehicles, in key market segments like mobile, data center, client, consumer, industrial, graphics, automotive, and networking. Our common stock is traded on the Nasdaq under the MU symbol. To learn more about
Volocopter is building the world’s first sustainable and scalable urban air mobility business to bring affordable air taxi services to megacities worldwide. With the VoloCity, the company is developing the first fully electric, safe, and low-noise “eVTOL” aircraft in certification to safely and quietly transport passengers within cities. Volocopter leads and cooperates with partners in infrastructure, operations, and air traffic management to build the ecosystem necessary to ‘Bring Urban Air Mobility to Life’. In 2011, Volocopter performed the first-ever manned flight of a purely electric multicopter and has since showcased numerous public flights with its full-scale aircraft. The most notable have been the public test flights at Singapore’s
Micron Media Relations Contact
Erica Pompen Micron Technology, Inc.+1 (408) 834-1873 firstname.lastname@example.org Micron Investor Relations Contact Farhan Ahmad Micron Technology, Inc.+1 (408) 834-1927 email@example.com Volocopter Media Relations Contact Helena Treeck Volocopter GmbH+49 (151) 2372-1517 firstname.lastname@example.org
Source: Micron Technology, Inc.