German start-up Vaeridion lands ?120 million to build electric plane

NAMPA / DPA
2026-11-05
Munich (dpa) - German start-up Vaeridion has raised over ?120 million ($135 million) in funding from the European Union and investors to develop an electric aircraft, the Munich-based company said on Thursday. Vaeridion said it had raised ?30 million from venture capital investors in its latest funding round. The European Commission had previously made ?94.5 million available from its Innovation Fund. The company is developing a nine-seat passeng......
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