Volocopter Raises €200 Million in Series D Funding Round
03/03/21, 7:04 AM
Location
bruchsalMoney raised
€200 million
Round Type
series d
Volocopter, the pioneer of urban air mobility (UAM), announced the signing of their Series D funding round today, raising €200 million in additional capital. Cumulatively, Volocopter has raised €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.
Company Info
Location
bruchsal, baden-württemberg, germany
Additional Info
Volocopter brings urban air mobility (UAM) to megacities worldwide by creating sustainable and scalable UAM ecosystems with partners in infrastructure and operations. Volocopter's family of eVTOL aircraft will offer passengers (VoloCity and VoloConnect) and goods (VoloDrone) swift, secure, and emission-free connections to their destinations, supported by VoloIQ, the UAM ecosystem's software platform. As a pioneer in the UAM industry, Volocopter will launch commercial services within the next few years. The company employs 500 people in Germany and Singapore and raised $579 million from investors, including Geely, WP Investment, Mercedes-Benz Group, Intel Capital, and BlackRock. www.volocopter.com
Photo - https://mma.prnewswire.com/media/1759121/Volocopter_VoloCity_Aircraft.jpg Logo - https://mma.prnewswire.com/media/1626551/Volocopter_Logo.jpg
SOURCE Volocopter GmbH