Volocopter secures €200 million in Series D Funding to help bring its VoloCity eVTOL to certification

Volo­copter has raised €200 mil­lion ($240 mil­lion USD) in Series D fund­ing, which will help accel­er­ate its VoloC­i­ty eVTOL air taxi to cer­ti­fi­ca­tion and the launch of its first com­mer­cial routes with­in the next two years.

It brings Volo­copter’s total fund­ing to €322 mil­lion and among the new investors include Black­Rock, glob­al infra­struc­ture com­pa­ny Atlantia S.p.A., Avala Cap­i­tal, mobil­i­ty tech­nol­o­gy giant Con­ti­nen­tal AG, glob­al tech­nol­o­gy focused invest­ment fund Jeri­cho Cap­i­tal, glob­al tech­nol­o­gy and busi­ness solu­tions provider NTT via its ven­ture cap­i­tal arm, Tokyo Cen­tu­ry.

Exist­ing investors, includ­ing Geely, Daim­ler, DB Schenker, Intel Cap­i­tal, btov Part­ners, Team Europe, and Klocke Hold­ing, also joined this fund­ing round.

Flo­ri­an Reuter, CEO of Volo­copter, 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 urban air mobil­i­ty 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.”

With 10 years of devel­op­ment expe­ri­ence, Volo­copter is regard­ed as one of the lead­ers in the urban air mobil­i­ty space. It has been fly­ing since 2011 and has amassed more than 1,000 test flights. It is cur­rent­ly the only eVTOL air­craft devel­op­er to receive Design Organ­i­sa­tion Approval (DOA) from the Euro­pean Union Avi­a­tion Safe­ty Agency (EASA).

Volo­copter has per­formed mile­stone flights in Fin­land, Ger­many, Helsin­ki, the Unit­ed Arab Emi­rates and over Singapore’s Mari­na Bay. 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 Asia, Europe. and USA.

Once oper­a­tional, VoloC­i­ty eVTOL air taxi can trans­port two pas­sen­gers at a range of 35km, trav­el­ling at speeds of up to 110km/h.

The com­pa­ny is now in the final stages of pro­vid­ing new, sus­tain­able mobil­i­ty options for cities around the world. Its future ser­vices range from elec­tric autonomous air taxis, to trans­port­ing goods with the company’s Volo­Drone.

Volo­copter is also devel­op­ing a full ecosys­tem to con­nect all the vital parts to get the indus­try off the ground. This also includes phys­i­cal and dig­i­tal infra­struc­ture, with its Volo­Port and VoloIQ, as well as part­ner­ships with glob­al lead­ers in their respec­tive fields.

Rene Griemens, CFO of Volo­copter, said: “We are thrilled to wel­come investors who share our belief that inno­v­a­tive tech­nol­o­gy like our Volo­copter is one of the key enablers for a sus­tain­able future. Our share­hold­er struc­ture remains well bal­anced with a healthy mix of strate­gic and finan­cial part­ners spread as glob­al­ly as our busi­ness ambi­tions.”