Volocopter Raises $182 Million in Second Series E Funding Round Signed
DRONELIFE Staff Writer Ian M. Crosby
Leader in Urban Air Mobility (UAM) Volocopter has completed an additional funding of US$182 million in the second signing of its Series E round. New investors participated in this. Neom When GLy Capital Management.
With its UAM ecosystem, Volocopter offers fully electric solutions purpose-built for urban missions, transporting goods and passengers in multi-purpose electric aircraft (VoloCity, VoloRegion, VoloDrone), and the necessary physical and digital infrastructure (VoloPort and VoloIQ). .
Volocopter CEO Dirk Hoke said: “This is a key requirement to start commercial operations and start generating revenue.”
Volocopter is the first and only electric vertical take-off and landing (eVTOL) company to receive Design Authority Approval (DOA) from the European Union Aviation Safety Agency (EASA). The company’s first commercial air taxi routes will be launched within the next two years, including in Singapore, Rome, Paris and the NEOM region.
Volocopter CCO Christian Bauer said: “We are grateful to our existing and new shareholders for the great spirit of cooperation and trust they have placed in us as we move forward in our journey to realize an urban air mobility ecosystem.”
Volocopter and NEOM signed a joint venture last December to integrate VoloCity air taxis and VoloDrone into NEOM’s mobility system. The joint venture will manage the region’s all-electric public flight routes for his first seven years from launch.
“At Neom, we strongly believe in the potential of urban air mobility to bring a new dimension to the integrated transport systems of the future. Building on our successful collaboration with Volocopter, we are strengthening our partnership and strategically investing in the future of mobility. “We are confident that Volocopter is the best partner for building an advanced air mobility ecosystem in Neom. Together with Volocopter and its global partners, we are excited to carry out this exciting mission.” I look forward to making it happen.”
GLy is backed by Volocopter partner Geely Holding. In the joint venture, the partner plans to introduce his UAM into China, where he expects to become one of the largest markets for electric air taxis.
Hrvoje Krkalo, co-CEO of GLy Capital, said: “We look forward to supporting them on a journey that promises to be exciting, safe and scenic.”
Read more about Volocopter:
Ian attended Dominican University in California and graduated with a BA in English in 2019. With his lifelong passion for writing and storytelling and keen interest in technology, he now contributes to his DroneLife as a staff writer.
Miriam McNabb, editor-in-chief of DRONELIFE and CEO of professional drone services marketplace JobForDrones, is a fascinating observer of the emerging drone industry and drone regulatory environment. With her 3,000+ articles focused on the commercial drone space, Miriam is an international speaker and recognized figure in the industry. Miriam holds a degree from the University of Chicago and has over 20 years of experience in high tech sales and marketing of new technologies.
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