Country for PR: United Kingdom
Contributor: PR Newswire Europe
Thursday, March 04 2021 - 02:10
Volocopter Raises EUR 200 Million in Series D Funding Round
BRUCHSAL, Germany, March 3, 2021 /PRNewswire-AsiaNet/ --

- EUR 200 million (USD 240 million) raised in an oversubscribed Series D 

- New investors include funds managed by BlackRock, Avala Capital, Atlantia 
S.p.A., Continental AG, NTT, and Tokyo Century amongst others, with all 
existing investors also joining the round

- Funding will be used to solidify Volocopter's market leadership

Volocopter, the pioneer of urban air mobility (UAM), announced the signing of 
their Series D funding round today, raising EUR 200 million in additional 
capital. Cumulatively, Volocopter has raised EUR 322 million. The funding will 
be used to solidify Volocopter's leading position in the UAM market by bringing 
the VoloCity, the battery-powered air taxi for cities, to certification and by 
accelerating the launch of its first commercial routes. 

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Volocopter is in the final stages of providing new, sustainable mobility 
options for cities around the world. Their future services range from electric 
autonomous air taxis flying passengers directly and safely to their 
destinations to transporting goods with the company's VoloDrone. 

Having ten years of development experience, Volocopter is a leader in the urban 
air mobility space. As the first and only electric vertical take-off and 
landing (eVTOL) company to receive Design Organisation Approval (DOA) by the 
European Union Aviation Safety Agency (EASA), Volocopter expects its first 
commercial air taxi routes to be opened within the next two years.

"Volocopter is ahead of the curve in the UAM industry, and we have the 
achievements to prove it," says Florian Reuter, CEO of Volocopter. "No other 
electric air taxi company has publicly performed as many flights in cities 
around the world, with full regulatory approval, as Volocopter has. Our 
VoloCity is the fifth generation of Volocopter aircraft and has a strong path 
to being the first certified electric air taxi for cities. Volocopter already 
has the extensive partnerships necessary to set up the UAM ecosystem for 
launching both our company and the industry into commercial operations. We are 
called the pioneers of UAM for a reason, and we plan to keep that title."

Volocopter offers a holistic approach to the UAM market by developing a full 
ecosystem to connect all the vital parts to get the industry off the ground. 
This includes multipurpose aircraft (VoloCity and VoloDrone), physical and 
digital infrastructure (VoloPort and VoloIQ), as well as partnerships with 
global leaders in their respective fields.

"We are thrilled to welcome investors who share our belief that innovative 
technology like our Volocopter is one of the key enablers for a sustainable 
future," says Rene Griemens, CFO of Volocopter. "Our shareholder structure 
remains well balanced with a healthy mix of strategic and financial partners 
spread as globally as our business ambitions."

New investors in Volocopter include funds managed by BlackRock, global 
infrastructure company Atlantia S.p.A., Avala Capital, mobility technology 
giant Continental AG, global technology focused investment fund Jericho 
Capital, global technology and business solutions provider NTT via its venture 
capital arm, Tokyo Century, a leading Japanese leasing company, leading family 
offices, and others. All existing investors, including Geely, Daimler, DB 
Schenker, Intel Capital, btov Partners, Team Europe, and Klocke Holding amongst 
others also joined the round.

Volocopter has performed several milestone flights in Helsinki, Stuttgart, 
Dubai, and over Singapore's Marina Bay in recent years. While the first routes 
are yet to be announced, the company has committed to establishing air taxi 
services in Singapore and Paris with plans to expand many more routes in the 
US, Asia, and Europe. 

About Volocopter

Volocopter is building the world's first sustainable and scalable urban air 
mobility business to bring affordable air taxi services to megacities 
worldwide. With the VoloCity, the company is developing the first fully 
electric "eVTOL" aircraft in certification to transport passengers safely and 
quietly within cities. Volocopter leads and cooperates with partners in 
infrastructure, operations, and air traffic management to build the ecosystem 
necessary to 'Bring Urban Air Mobility to Life'.: 

SOURCE  Volocopter GmbH