Photo by Sean O’Kane / The Verge German air taxi startup Volocopter raised €50 million ($55.3 million) in a funding round led by Geely, the Chinese parent company of Volvo Cars, the company announced. The new funds will be put toward achieving Volocopter’s goal of launching a commercial air taxi service powered by its 18-rotor electric aircraft “within the next three years.” In addition to leading this series C funding round, Geely will also enter into a joint venture with Volocopter to bring the startup’s aircraft to China.