PARIS/TORONTO, June 18 (Reuters) - A year ahead of the Paris Olympics, flying taxi maker Volocopter wants to prove to executives at the Paris Airshow it is on track to ferry customers around the sporting showcase and take off globally.
Success could boost the broader urban air mobility sector by persuading risk-averse investors that air taxis are worth putting money into, analysts and executives said.
No flying taxi maker, whether Germany's Lilium or American player Joby, has received certification so far.
Air mobility projects that went public through special purpose acquisition companies (SPAC) in recent years have lost at least 30% of their initial value.
Venture capital is down across several industries, with a shift in spend from air taxis to drones, Riedel said.
Persons:
Volocopter, Dirk Hoke, Robin Riedel, Germany's, Joby, Hoke, Riedel, Alan Wink, Wink, Mike Madsen, Still, Madsen, Allison Lampert, Joanna Plucinska, Maiya, Mark Potter
Organizations:
PARIS, Paris Olympics, China's, Eastern General Aviation Co, McKinsey Center, Future Mobility, European Union Aviation Safety Agency, McKinsey, Honeywell International, Honeywell, Thomson
Locations:
TORONTO, Paris, Germany, U.S, Montreal, London, Toronto