Volocopter funding: €200 million in series d

The urge for food for funding within the air taxi or city air mobility sector continues to develop, as new Volocopter funding signifies.

Volocopter, one of many first working air taxis – and the one firm to obtain Design Group Approval (DOA) by the European Union Aviation Security Company (EASA) – has introduced a €200 million (about $240 million) Collection D funding spherical, bringing their funding complete to €322 million.

“The funding might be used to solidify Volocopter’s main place within the UAM market by bringing the VoloCity, the battery-powered air taxi for cities, to certification and by accelerating the launch of its first industrial routes,” says the press launch.

Volocopter Funding: €200 Million in Collection D 1

The city air mobility (UAM) contains merchandise described as electrical vertical take-off and touchdown (eVTOL) air taxis, flying vehicles, drone taxis, passenger drones,  autonomous aerial automobiles (AAV), and infrastructure, is a sizzling – and aggressive – market.  In the previous couple of months, publicly traded EHang has skilled important inventory motion.  Joby Aviation, who acquired Uber’s UAM challenge, Uber Elevate, has simply launched a primary video of their prototype car in flight.  Volocopter, nonetheless, was first within the air commercially, offering the very first working air taxi  on the planet: Dubai’s system was launched again in 2017 as an indication of how city air mobility might work.

Now, says the press launch, “Volocopter is within the last levels of offering new, sustainable mobility choices for cities world wide. Their future companies vary from electrical autonomous air taxis flying passengers immediately and safely to their locations, to transporting items with the corporate’s VoloDrone.” 

“….Volocopter expects its first industrial air taxi routes to be opened inside the subsequent two years.”

volocopter funding

“Volocopter is forward of the curve within the UAM trade, and we’ve got the achievements to show it,” says Florian Reuter, CEO of Volocopter. “No different electrical air taxi firm has publicly carried out as many flights in cities world wide, with full regulatory approval, as Volocopter has. Our VoloCity is the fifth technology of Volocopter plane and has a robust path to being the primary licensed electrical air taxi for cities. Volocopter already has the in depth partnerships essential to arrange the UAM ecosystem for launching each our firm and the trade into industrial operations. We’re known as the pioneers of UAM for a purpose, and we plan to maintain that title.”

New traders in Volocopter embody funds managed by BlackRock, international infrastructure firm Atlantia S.p.A., Avala Capital, mobility know-how big Continental AG, international know-how targeted funding fund Jericho Capital, international know-how and enterprise options supplier NTT by way of its enterprise capital arm, Tokyo Century, a number one Japanese leasing firm, main household workplaces, and others. All current traders, together with Geely, Daimler, DB Schenker, Intel Capital, btov Companions, Staff Europe, and Klocke Holding amongst others additionally joined the spherical.

“We’re thrilled to welcome traders who share our perception that modern know-how like our Volocopter is among the key enablers for a sustainable future,” says Rene Griemens, CFO of Volocopter. “Our shareholder construction stays effectively balanced with a wholesome mixture of strategic and monetary companions unfold as globally as our enterprise ambitions.”

Volocopter has carried out a number of milestone flights in Helsinki, Stuttgart, Dubai, and over Singapore’s Marina Bay lately. Whereas the primary routes are but to be introduced, the corporate has dedicated to establishing air taxi companies in Singapore and Paris, with plans to develop many extra routes within the US, Asia, and Europe.

 


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