Volocopter raises €200 million in series d funding round – suas news

Volocopter Raises €200 Million in Sequence D Funding Spherical - sUAS Information 1

€200 million (USD 240 million) raised in an oversubscribed Sequence D funding New buyers embrace funds managed by BlackRock, Avala Capital, Atlantia S.p.A., Continental AG, NTT, and Tokyo Century amongst others, with all current buyers additionally becoming a member of the roundFunding can be used to solidify Volocopter’s market management

Volocopter, the pioneer of city air mobility (UAM), introduced the signing of their Sequence D funding spherical immediately, elevating €200 million in extra capital. Cumulatively, Volocopter has raised €322 million. The funding can 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.

Volocopter is within the closing phases of offering new, sustainable mobility choices for cities around the globe. Their future companies vary from electrical autonomous air taxis flying passengers instantly and safely to their locations, to transporting items with the corporate’s VoloDrone. 

Having ten years of improvement expertise, Volocopter is a frontrunner within the city air mobility house. As the primary and solely electrical vertical take-off and touchdown (eVTOL) firm to obtain Design Organisation Approval (DOA) by the European Union Aviation Security Company (EASA), Volocopter expects its first industrial air taxi routes to be opened inside the subsequent two years.

“Volocopter is forward of the curve within the UAM trade, and we now have 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 around the globe, with full regulatory approval, as Volocopter has. Our VoloCity is the fifth era 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 referred to as the pioneers of UAM for a cause, and we plan to maintain that title.”

Volocopter affords a holistic method to the UAM market by growing a full ecosystem to attach all of the important elements to get the trade off the bottom. This contains multipurpose plane (VoloCity and VoloDrone), and bodily and digital infrastructure (VoloPort and VoloIQ), in addition to partnerships with world leaders of their respective fields.

“We’re thrilled to welcome buyers who share our perception that modern know-how like our Volocopter is without doubt one of the key enablers for a sustainable future,” says Rene Griemens, CFO of Volocopter. “Our shareholder construction stays nicely balanced with a wholesome mixture of strategic and monetary companions unfold as globally as our enterprise ambitions.”

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

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.

About Volocopter

Volocopter is constructing the world’s first sustainable and scalable city air mobility enterprise to carry inexpensive air taxi companies to megacities worldwide. With the VoloCity, the corporate is growing the primary absolutely electrical “eVTOL” plane in certification to move passengers safely and quietly inside cities. Volocopter leads and cooperates with companions in infrastructure, operations, and air site visitors administration to construct the ecosystem essential to ‘Convey City Air Mobility to Life’.

In 2011, Volocopter carried out the first-ever crewed flight of a purely electrical multicopter and has since showcased quite a few public flights with its full-scale plane. Essentially 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 be growing merchandise for the logistics house with their heavy-lift cargo variant, the VoloDrone.

Based in 2011 by Stephan Wolf and Alexander Zosel, Volocopter has 300 staff in workplaces in Bruchsal, Munich, and Singapore. The corporate is managed by CEO Florian Reuter, CTO Dr. Arnaud Coville, CFO Rene Griemens, and CCO Christian Bauer, chaired by Stefan Klocke and has raised a complete of €322 million  in fairness. Volocopter‘s buyers embrace Daimler, Geely, DB Schenker, BlackRock, and Intel Capital amongst others.

Discover out extra at: www.volocopter.com

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