Japan’s TDK Ventures invests in air mobility firm AutoFlightX

TDK Ventures, the corporate venture arm of Japanese electronics firm TDK Corporation, has invested an undisclosed amount in AutoFlightX, an electric air mobility company headquartered in Munich, Germany and with R&D centres in Shanghai and Shenzhen.

AutoFlightX, which started in February 2018, is involved in the development, production, sales, and operation of electric vertical take-off and landing vehicles. The vehicles can be used as regularly piloted sports aircraft, as unmanned highly automated cargo drones, and as unpiloted highly automated air taxis.

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