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.
