Volocopter At IAA 2017 1
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Volocopter At IAA 2017 1
Volocopter GmbH (formerly called E-Volo GmbH) is a German aircraft manufacturer based in Bruchsal (near Karlsruhe) and founded by Alexander Zosel and Stephan Wolf. The company specializes in the design of electric multirotor helicopters in the form of personal air vehicles, designed for air taxi use.Tacke, Willi; Marino Boric; et al: ''World Directory of Light Aviation 2015-16'', page 206. Flying Pages Europe SARL, 2015. The CEO is Florian Reuter and chairman Stefan Klocke. History 2011 The company flew the Volocopter VC1 and Volocopter VC2 technology demonstrators, followed by the two-seat Volocopter VC200 prototype. The VC1 was first flown on 21 October 2011. 2013 The two-seat project that became the Volocopter 2X started in 2013, evolved from early single-seat Volocopter VC2 prototype flown in 2011. The two seat prototype was designated as the VC-200 and the derived production model the 2X. An on-line fundraising effort in 2013 on the ''Seedmatch'' website raised €500 ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in c ...
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Sentosa
Sentosa Island, known mononymously as Sentosa, and formerly ''Pulau Belakang Mati'', is an island located off the southern coast of Singapore's main island. The island is separated from the main island of Singapore by a channel of water, the Keppel Harbour, and is adjacent to Pulau Brani, a smaller island wedged between Sentosa and the main island. Formerly used as a British military base and afterwards as a Japanese prisoner-of-war camp, the island was renamed Sentosa and was planned to be a popular tourist destination. It is now home to a popular resort that receives more than twenty million visitors per year. Attractions include a long sheltered beach, Madame Tussauds Singapore, an extensive Cable Car network, Fort Siloso, two golf courses, 14 hotels and the Resorts World Sentosa, which features the Universal Studios Singapore theme park and one of Singapore's two casinos, the other being in Marina Bay Sands. Sentosa is also widely known as being the location of the 2018 ...
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Economic Development Board
The Economic Development Board (EDB) is a statutory board under the Ministry of Trade and Industry of the Government of Singapore that plans and executes strategies to sustain Singapore as a leading global hub for business and investment. History 1957–1961: Singapore Industrial Promotion Board In 1957, the Singapore Industrial Promotion Board (SIPB) was formed through the passage of the Singapore Industrial Promotion Bill, to empower the Singapore Government in establishing, developing, and financing industrial undertakings. It had a capital of $1 million, and had received requests from local companies for loans totalling up to $500,000 at its formation. However, SIPB was criticised by political opposition as being slow, not transparent, and ineffective in aiding local businesses. The board was hamstrung by the limited capital that it had with the Minister of Commerce and Industry, J. M. Jumabhoy, blaming on the activities of extreme left-wing politicians on the lack of cor ...
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Civil Aviation Authority Of Singapore
The Civil Aviation Authority of Singapore (CAAS) is Singapore's civil aviation authority and a statutory board under the Ministry of Transport of the Government of Singapore. Its head office is located on the fourth storey of Singapore Changi Airport's Terminal 2. Overview Established on 1 September 1984, the CAAS regulates civilian air traffic within the airspace jurisdiction of the Republic. It also helps enable the growth of the air hub and aviation industry in Singapore, promotes safe industry practices and engages in civilian air-service agreements with air-service operators. CAAS also operates the Air Traffic Control Tower, providing air navigation services to ensure faultless movements of civilian aircraft at Singapore's airports and in the Singapore flight information region (FIR). The CAAS also issues revenue stamps to pay for the passenger service charge on flights. In July 2017, CAAS and the European Aviation Safety Agency (EASA) entered into a working arrange ...
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Ministry Of Transport (Singapore)
The Ministry of Transport (MOT; ms, Kementerian Pengangkutan; zh, 交通部; ta, போக்குவரத்து அமைச்சு) is a ministry of the Government of Singapore responsible for the administration and regulation of land, sea and air transportation in Singapore. History The Ministry of Transport was formed on 23 November 2001 out of the then Ministry of Communications and Information Technology. Its previous portfolio of information technology and telecommunications were then transferred to the then Ministry of Information, Communications and The Arts, now known as the Ministry of Communications and Information. Organisational structure Currently, the ministry commissions and regulates four individual government statutory boards: the Civil Aviation Authority of Singapore (CAAS), the Land Transport Authority (LTA), the Maritime and Port Authority of Singapore (MPA) and the Public Transport Council (PTC), which implement the ministry’s policies and ta ...
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Grab (company)
Grab Holdings Inc., commonly known as Grab, is a Singaporean multinational technology company. It is the developer of the ''Grab'' super-app, which provides users with transportation, food delivery and digital payments services via a mobile app. Grab currently operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand and Vietnam. It is Southeast Asia's first decacorn, and the biggest technology startup in the region. Founded by Anthony Tan and Tan Hooi Ling in 2012 as the ''MyTeksi'' app based in Kuala Lumpur, Malaysia, it expanded the next year as ''GrabTaxi''. It has since expanded into other services, following the super-app model. In 2014, it moved its headquarters to Singapore and rebranded as "Grab". History Founding and expansion The idea of creating a taxi-booking mobile app for Southeast Asia, similar to those being pioneered in the US, first came from Anthony Tan (, ''Chen Bingyao'') while he was at Harvard Business School. Motiva ...
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Singapore
Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bordering the Strait of Malacca to the west, the Singapore Strait to the south, the South China Sea to the east, and the Straits of Johor to the north. The country's territory is composed of one main island, 63 satellite islands and islets, and one outlying islet; the combined area of these has increased by 25% since the country's independence as a result of extensive land reclamation projects. It has the third highest population density in the world. With a multicultural population and recognising the need to respect cultural identities of the major ethnic groups within the nation, Singapore has four official languages: English, Malay, Mandarin, and Tamil. English is the lingua franca and numerous public services are available only in Eng ...
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Marina Bay, Singapore
Marina Bay is a bay located in the Central Area of Singapore, surrounded by the perimeter of four other planning areas, the Downtown Core, Marina East, Marina South and Straits View. The area surrounding the bay itself, also called Marina Bay, is a 360 hectare extension to the adjacent Central Business District. It is also the new downtown of Singapore, built on reclaimed land. Buildings include Gardens by the Bay, the Marina Bay Sands, Marina Bay Financial Centre, Asia Square, The Sail @ Marina Bay and Marina One integrated mixed-use developments. It is one of the key focus areas by the Urban Redevelopment Authority. Marina Bay is envisioned by the URA as a work-live-play vibrant 24-hour CBD. Master Plan The Urban Redevelopment Authority (URA) Master Plan for Marina Bay aims to encourage a mix of uses for this area, including commercial, residential, hotel and entertainment. History In 1969, land reclamation work to create 360 hectares of prime waterfront site began at M ...
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Lotus Cars
Lotus Cars Limited is a British automotive company headquartered in Norfolk, England which manufactures sports cars and racing cars noted for their light weight and fine handling characteristics. Lotus was previously involved in Formula One racing, via Team Lotus, winning the Formula One World Championship seven times. Lotus Cars was founded and owned for many years by Colin Chapman. After his death and a period of financial instability, it was bought by General Motors, then Romano Artioli and DRB-HICOM through its subsidiary Proton. It is currently majority owned by Chinese multinational Geely, with Etika Automotive as a minority shareholder. The engineering consultancy firm Lotus Engineering, an offshoot of Lotus Cars, has facilities in the United Kingdom, United States, China, and Malaysia. Notable Lotus cars include the Lotus Seven, the Lotus Esprit and the Lotus Elan. History Early years The company was formed in 1952 as Lotus Engineering Ltd. by engineers Colin Ch ...
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Terrafugia
Terrafugia () is a Chinese-owned corporation, based in Woburn, Massachusetts, United States that is developing a roadable aircraft called the Transition and a flying car called the TF-X. The Transition and TF-X are designed to be able to fold their wings, enabling the vehicles to also operate as street-legal road vehicles. In January 2021, Terrafugia announced that the Transition received a Special Light-Sport Aircraft (LSA) airworthiness certificate from the FAA for the Transition to be flown only, with road use approval to follow in 2022. In February 2021 the company had laid off the majority of its employees, planned to close its US operations and re-establish in China. Founding and financial history Terrafugia was founded by graduates of the Department of Aeronautics and Astronautics at the Massachusetts Institute of Technology and graduates of the MIT Sloan School of Management. Their team and business plan was the runner-up for the 2006 MIT $100K Entrepreneurship Compe ...
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