Volocopter and DB Schenker right now introduced an funding by the worldwide logistics service supplier into the pioneer of City Air Mobility (UAM) as Volocopter extends its Collection C funding to now whole € 87 million. Moreover DB Schenker, Mitsui Sumitomo Insurance coverage Group, TransLink Capital be a part of the spherical as new traders, current investor Lukasz Gadowski and btov additionally invested. The funding will go in the direction of the certification of the VoloCity, hiring extra trade consultants, and a second technology VoloDrone to make sure commercialization of the heavy-lift cargo drone product. Thus far Volocopter has raised whole funding of € 122 million.
Volocopter is growing autonomous electrical Vertical Take-Off and Touchdown (eVTOL) plane, e.g. the VoloCity, to supply air taxi providers within the megacities of this world as an addition to current transport choices. Only recently the corporate carried out a public flight over Marina Bay Reservoir in Singapore demonstrating the maturity of its know-how. A full scale VoloPort prototype on show allowed guests to expertise what UAM might really feel like sooner or later. This bears testimony to Volocopter’s holistic method to UAM as an ecosystem. Final October, Volocopter offered the demonstrator of its VoloDrone, marking the corporate’s enlargement into the logistics, agriculture, public providers and building industries.
“We’re satisfied that the Volocopter know-how has the potential to carry transport logistics to the following dimension for our prospects”, says Jochen Thewes, CEO of DB Schenker. “DB Schenker has already examined autonomous and electrical autos in a number of innovation tasks and in precise operations. By integrating the VoloDrone into our provide chain of the long run we will serve our purchasers’ demand for quick, distant, emission-neutral deliveries. We’re thrilled to now be a part of this drive for innovation in a incredible staff.”
“The brand new shareholder construction strengthens our international community of strategic and monetary companions considerably. Bringing city air mobility to life for passengers and items is a superb ambition and with our new companions we carry the experience and needed long-term funds on board to make this revolutionary type of mobility a actuality,” says Florian Reuter, CEO of Volocopter.
With the spherical’s closing, the corporate has additionally newly appointed Yifan “Frank” Li, Vice President of Geely Holding Group Co, Ltd., and Jochen Thewes, CEO of DB Schenker, to its Advisory Board. In a transfer in the direction of additional enhancing its company governance, Volocopter is bringing on two Impartial Advisory Board Members with in depth trade experience: Former CEO of Daimler AG Dr. Dieter Zetsche, in addition to the founding father of CAS Software program AG, Martin Hubschneider. Volocopter’s Chairman Stefan Klocke feedback: “We very a lot welcome the brand new members to our Advisory Board, specifically Dieter Zetsche and Martin Hubschneider. The board will assist the administration within the additional strategic improvement of the corporate in the direction of the worldwide market chief in city air mobility and within the preparations for a possible future IPO!”
Volocopter has just lately championed a number of public flights at Helsinki airport, in Stuttgart, and over Singapore’s Marina Bay. As the primary eVTOL firm to obtain Design Organisation Approval by the European Aviation Security Authority, the German air taxi service supplier is already actively pursuing industrial certification and expects the primary industrial routes to be opened inside the subsequent two to 4 years.
About Volocopter GmbH
Volocopter is constructing the world’s first sustainable and scalable city air mobility enterprise to carry reasonably priced air taxi providers to megacities worldwide. With the VoloCity, the corporate is growing the primary totally electrical “eVTOL” plane in certification to soundly and quietly transport passengers inside cities. Volocopter leads and cooperates with companions in infrastructure, operations, and air visitors administration to construct the ecosystem essential to ‘Convey City Air Mobility to Life’.
In 2011, Volocopter carried out the first-ever manned flight of a purely electrical multicopter and has since showcased quite a few public flights with its full-scale plane. Probably the most notable have been the general public take a look at flights at Singapore’s Marina Bay in October 2019 and the world’s first autonomous eVTOL flight in Dubai 2017. Volocopter can also be growing merchandise for the logistics and precision agriculture house with their VoloDrone.
Based in 2011 by Stephan Wolf and Alexander Zosel, Volocopter has 150 workers in places of work in Bruchsal, Munich, and Singapore. The corporate is managed by CEO Florian Reuter, CTO Jan-Hendrik Boelens, CFO Rene Griemens, and CCO Christian Bauer, and has raised a complete of 122 million euro in fairness. Volocopter‘s traders embody Daimler, Geely, DB Schenker, Intel Capital, Group Europe, btov, Micron, Mitsui Sumitomo Insurance coverage Group, TransLink Capital (Japan Airways and Sompo Insurance coverage), MS&AD Ventures, and Manta Ray Ventures.
Discover out extra at: www.volocopter.com
About DB Schenker
With greater than 75,800 workers at greater than 2,000 places in over 130 nations, DB Schenker is without doubt one of the world’s main logistics suppliers. The corporate operates land, air, and ocean transportation providers, and it additionally gives complete options for logistics and international provide chain administration from a single supply. The funding in Volocopter is topic to varied closing issues.