German aircraft manufacturer Volocopter has raised €200m of additional capital in a Series D funding round.
The urban air mobility (UAM) leader has so far raised a total of €322m, including the latest funding.
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The company is in the final stages of providing new, sustainable mobility options. It will leverage the funding to certify its battery-powered VoloCity air taxi and accelerate the launch of its first commercial routes.
Volocopter CEO Florian Reuter said: “Volocopter is ahead of the curve in the UAM industry, and we have the achievements to prove it.
“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.”
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By GlobalDataIn addition to existing investors, the company secured funding from new investors, including funds managed by BlackRock, Atlantia, Avala Capital, Continental AG, Jericho Capital and others.
Volocopter is the first and only electric vertical take-off and landing (eVTOL) company to secure Design Organisation Approval (DOA) from the European Union Aviation Safety Agency (EASA).
In recent years, the company performed several flights in Helsinki, Stuttgart, Dubai, and over Singapore’s Marina Bay. It expects to launch its first commercial air taxi routes within the next two years.
