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24. February 2020

Urban Air Mobility Leader Volocopter Extends to €87 Million in Series C

€ 87.000.000
Series C
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Innovative transportation solutions continue to attract investors worldwide. Recently, urban air mobility company Volocopter extended its Series C Round to €87 Million. This funding will be used to support and certify VoloCity, the first commercially licensed Volocopter.

Volocopter provides innovative solutions as an urban air mobility service provider. Part of the sustainable transformation of mobility concepts in cities, the company’s main product is VoloCity, the autonomous electrical Vertical Take-Off and Landing (eVTOL) aircraft. VoloCity is an air taxi that offers transportation solutions that are easy, quiet and safe. The VoloPort, which a flexible take-off and landing infrastructure for air taxi operators, also supports the aircraft. The newest addition to their product line is the VoloDrone, a fully electric utility drone, capable of carrying up to 200 KG payload. This extensive ecosystem provided by Volocopter allows easy integration to the traffic management system.

Volocopter – The Air Taxi of the Future

Volocopter

Development of Volocopter started in 2011 with the company’s first efforts to test the world’s first manned vertical electric take-off and landing flight. In 2016, the new model called VC200 achieved the first vertical take-off and landing worldwide. This was followed by daily tryouts with professionally certified pilots and efforts to secure permits from authorities to be added to the air traffic list. The company completed several public flights in Helsinki, Stuttgart and Singapore’s Marina Bay. Starting from 2018, Volocopter air taxi emerged as a mature product that attracts a lot of investment.

Investors in the Series C included DB Schenker (Essen), TransLink Capital (California) and Mitsui Sumitomo Insurance Group (Tokyo), all of which joined existing investor Lukasz Gadowski (Berlin) and btov. (Berlin). With this new investment, the company advisory board also now has two new members: Jochen Thewes, CEO of DB Schenker and Yifan “Frank” Li, Vice President of Geely Holding Group Co, Ltd. The company has offices in Bruchsal, Munich and Singapore, boasting over 150 employees. This new investment will be used to further VoloCity towards certification and help the company to the dissemination of this innovative mobility solution.

SourceVolocopter