Volocopter Raises Usd 170 Million In First Signing Of Series E Financing Round
03/04/22, 2:30 AM
Location
bruchsalMoney raised
$170 million
Round Type
series e
Volocopter, the pioneer of urban air mobility, has raised USD 170 million in the initial signing of its Series E funding round led by South Korean investor WP Investment, at a pre-money valuation of USD 1.7 billion. Composed of funds by new and existing investors, the money raised will assist with the certification of Volocopter's electric passenger air taxi and is expected to help Volocopter achieve commercial launch in first cities worldwide.
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