Volocopter Funding $182 Million Sequence E

by DRONELIFE Workers Author Ian M. Crosby

City air mobility (UAM) chief Volocopter has closed an extra USD 182 million in funding within the second signing of its Sequence E spherical, which noticed participation from new traders NEOM and GLy Capital Administration.

With its UAM ecosystem, Volocopter provides a totally electrical answer made particularly for city missions, ferrying items and passengers with its multipurpose electrical plane (the VoloCity, VoloRegion, and VoloDrone), and offering the required bodily and digital infrastructure (the VoloPort and VoloIQ).

“Attracting NEOM And GLy as traders is a good success and highlights our pole place within the business certification race,” stated Volocopter CEO Dirk Hoke. “That is the important thing requirement to launching business operations and beginning to generate income.”

Volocopter is the primary and solely electrical vertical takeoff and touchdown (eVTOL) firm to obtain Design Organisation Approval (DOA) from the European Union Aviation Security Company (EASA). The corporate’s first business air taxi routes are anticipated to launch inside the subsequent two years in areas similar to Singapore, Rome, Paris, and the NEOM area.

“Elevating over USD 180 million regardless of the widely tense financial local weather highlights Volocopter’s sturdy know-how technique and its ongoing progress towards attaining market readiness,” stated Volocopter CCO Christian Bauer. “We admire the outstanding spirit of collaboration and the belief that our present and new shareholders have positioned in us as we forge forward on our journey to deliver the city air mobility ecosystem to life.”

Signing a three way partnership final December, Volocopter and NEOM search to combine the VoloCity air taxi and the VoloDrone into NEOM’s mobility techniques. The three way partnership will handle the area’s all-electric public flight routes for the primary seven years following the launch.

“At Neom we strongly consider within the potential for city air mobility to offer a brand new dimension to future built-in transport techniques. Constructing on our profitable collaboration with Volocopter, we’re excited to strengthen our partnership and to make a strategic funding in the way forward for mobility,” stated Florian Lennert, Head of Mobility of NEOM. “We consider Volocopter is the very best associate to construct a complicated air mobility ecosystem in Neom. We look ahead to realising this thrilling mission collectively with Volocopter and its world companions.”

GLy is backed by Volocopter associate Geely Holding. Of their three way partnership, the companions intend to deliver UAM to China, which is anticipated to change into one of many largest markets for electrical air taxis.

“Volocopter’s imaginative and prescient encompasses industrial short- and medium-range business passenger purposes to deliver effectivity to the best way we transfer round our cities,” stated GLy Capital Co-CEO Hrvoje Krkalo. “I look ahead to supporting their journey; a journey that guarantees to be thrilling, secure, and scenic in equal measure.”

Learn extra about Volocopter:

Ian attended Dominican College of California, the place he obtained a BA in English in 2019. With a lifelong ardour for writing and storytelling and a eager curiosity in know-how, he’s now contributing to DroneLife as a employees author.

Miriam McNabb is the Editor-in-Chief of DRONELIFE and CEO of JobForDrones, knowledgeable drone companies market, and a fascinated observer of the rising drone trade and the regulatory surroundings for drones. Miriam has penned over 3,000 articles targeted on the business drone house and is a world speaker and acknowledged determine within the trade.  Miriam has a level from the College of Chicago and over 20 years of expertise in excessive tech gross sales and advertising for brand new applied sciences.
For drone trade consulting or writing, E mail Miriam.

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