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Sun, Mar 07, 2021

Volocopter Raises $240M

Volocopter Expects First Commercial Air Taxi Routes To Open Within The Next Two Years

Volocopter announced the signing of their Series D funding round raising €200 million ($240M US) in additional capital.

Cumulatively, Volocopter has raised €322 million. The funding will be used to bring the VoloCity, the battery-powered air taxi for cities, to certification and by accelerating the launch of its first commercial routes.

Volocopter is in the final stages of providing new, sustainable mobility options for cities around the world. Their future services range from electric autonomous air taxis flying passengers directly and safely to their destinations, to transporting goods with the company’s VoloDrone.

Reportedly the first eVTOL company to receive Design Organisation Approval (DOA) by EASA, Volocopter expects its first commercial air taxi routes to be opened within the next two years.

Volocopter offers a holistic approach to the UAM market by developing a full ecosystem to connect all the vital parts to get the industry off the ground. This includes multipurpose aircraft (VoloCity and VoloDrone), and physical and digital infrastructure (VoloPort and VoloIQ), as well as partnerships with global leaders in their respective fields.

Volocopter has performed several milestone flights in Helsinki, Stuttgart, Dubai, and over Singapore’s Marina Bay in recent years. While the first routes are yet to be announced, the company has committed to establishing air taxi services in Singapore and Paris, with plans to expand many more routes in the US, Asia, and Europe.

FMI: www.volocopter.com

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