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GEM commits to invest up to $100M in Skyworks Aeronautics; commercialization of eVTOL gyroplanes

Green Car Congress

announced a $100-million investment commitment from GEM Global Yield LLC SCS, a Luxembourg-based private alternative investment group. Skyworks Aeronautics envisions a speed of 100-150 mph; 2-4 passengers plus a pilot; and 30-100 miles of range. Skyworks Aeronautics Corp. Artist’s concept of eGyro. Source: Skyworks Aeronautics.

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Daimler Financial Services acquires PayCash Europe SA; launching “Mercedes pay” e-payment system

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“Mercedes pay” will be integrated into Daimler Mobility Services GmbH, a subsidiary of Daimler Financial Services, and incorporates a number of different mobility services, including the market leader in car-sharing, car2go, and the mytaxi taxi app, which operates in nine European countries.

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