On Friday, June 11th, 2021, history was made when an innovative flying motorbike company was listed on the Nasdaq stock exchange. This is the first time a flying motorbike company has ever been publicly traded, and the listing has created a major buzz in the tech industry.
The company, known as VoloCity, is a Germany-based startup that has created a two-seater, electric powered, vertical take-off and landing vehicle that can fly some 150 kilometres per hour. The company has developed integrated systems for the vehicle including a real-time sensing, reporting and monitoring system. Additionally, VoloCity has successfully tested its first prototype vehicle.
The listing of the company is a breakthrough for the industry as it signifies a confidence in the potential of VoloCity’s innovative technology. The company’s debut on the Nasdaq marks a significant step in the development of the market for personal electric transportation.
It is expected that this development will accelerate the growth of the market in both Europe and the US, creating jobs and stimulating economic growth in the process.
VoloCity is one of several new flying motorbike companies emerging in the industry. These startups are attracted to the potential of the emerging personal transportation market. Therefore, it is possible to speculate that the Nasdaq listing of VoloCity will incentivize other startups to develop similar technology.
Ultimately, the listing of VoloCity on the Nasdaq is a milestone for the industry that suggests exciting opportunities for the development of safe and efficient personal electric transportation. It is an important indicator of the strength of the industry, and one that could prove to bring about a revolution in the transportation sector.
