Vaeridion secures €124.5 million for electric Microliner
Vaeridion has raised fresh equity and been selected for EU funding to support certification of its electric Microliner and preparations for series production. The financing is intended to move the Munich-based startup closer to manufacturing in Oberpfaffenhofen.
Vaeridion has secured a total of €124.5 million for its electric Microliner, according to the company. The package includes €30 million in fresh equity and €94.5 million in EU funding.
The Munich-based startup said the money will be used to certify the electric Microliner and prepare for series production.
Vaeridion said production will be prepared in Oberpfaffenhofen.