Volocopter has raised over 200 million euros in its last financing round. The money is to flow into the approval process for the VoloCity air taxi and the accelerated opening of the first commercial routes. The new money comes from existing investors and funds managed by BlackRock, Avala Capital, Atlantia SpA, Continental AG, NTT and Tokyo Century.
Volocopter leads the market for electric air taxis. As the first and so far only eVTOL startup recognized by the European Union Aviation Safety Agency (EASA), Volocopter intends to open the first commercial routes in the next two to three years with the VoloCity air taxi and the first electrically powered, very safe and very quiet Volocopter eVTOL aircraft.
Volocopter raised around 50 million euros in 2019. The Zhejiang Geely Holding Group Co. is one of the early investors in Volocopter.
The Volocopter company now has over 300 employees in offices in Bruchsal, Munich and Singapore. The company was founded in 2011 by Stephan Wolf and Alexander Zosel.
European aerospace firm Airbus has now presented the electric air taxi CityAirbus in Ingolstadt, Germany, which will become a testing ground for testing this transport technology. Ingolstadt is a member of the Urban Air Mobility (UAM)… Continue reading