Volocopter, a Bruchsal, Germany-based urban air mobility (UAM) company, raised an additional USD 182m in the second signing of its Series E funding round.
NEOM – the Red Sea’s smart, cognitive region project – and GLy Capital Management of Hong Kong have joined Volocopter’s diverse investor base.
This will carry the company beyond the certification of its electric passenger aircraft, the VoloCity air taxi.
Led by Dirk Hoke, CEO, and Christian Bauer, CCO, Volocopter offers a suite of fully electric aircraft for urban missions. Its holistic UAM ecosystem approach connects all key global market players to get the industry off the ground. This includes developing multipurpose electric aircraft to bring passengers and goods safely to their destination (the VoloCity, VoloRegion, and VoloDrone), and enabling the physical and digital infrastructure to match (the VoloPort and VoloIQ).
Volocopter is a UAM leader, with over ten years of experience and upward of 1,500 test flights. As the first and only electric vertical takeoff and landing (eVTOL) company to receive Design Organisation Approval (DOA) from the European Union Aviation Safety Agency (EASA), Volocopter expects to launch its first commercial air taxi routes in the next two years in megacities like Singapore, Rome, Paris, and the NEOM region.
Volocopter and NEOM signed a joint venture (JV) company in December 2021, becoming strategic partners to integrate the VoloCity and the VoloDrone into NEOM’s sustainable and smart mobility systems. The JV will design, integrate, and operate all-electric public flight routes for the initial seven years.
FinSMEs
01/11/2022