Volocopter Raises Extra USD 182 million in Second Signing of Collection E Financing Spherical – sUAS Information – The Enterprise of Drones

Volocopter, the pioneer of city air mobility (UAM), has raised an extra USD 182 million within the second signing of its Collection E funding spherical. NEOM – the Crimson Sea’s sensible, cognitive area challenge – and GLy Capital Administration of Hong Kong have joined Volocopter’s various investor base. This may carry the corporate past the certification of its electrical passenger plane, the VoloCity air taxi.

Sustainable mobility is an amazing problem dealing with as we speak’s world. Volocopter affords a brand new resolution with a set of totally electrical plane constructed particularly for city missions. Crucially, Volocopter’s distinctive and holistic UAM ecosystem strategy connects all key world market gamers because it strives to get the trade off the bottom. This contains growing multipurpose electrical plane to convey passengers and items safely to their vacation spot (the VoloCity, VoloRegion, and VoloDrone), and enabling the bodily and digital infrastructure to match (the VoloPort and VoloIQ). 

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

Volocopter is a UAM chief, with over ten years of improvement expertise and upward of 1,500 profitable take a look at flights to its identify. As 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), Volocopter expects to launch its first industrial air taxi routes within the subsequent two years in megacities like Singapore, Rome, Paris, and the NEOM area.  

Christian Bauer, CCO of Volocopter, added: “Elevating over USD 180 million regardless of the commonly tense financial local weather highlights Volocopter’s strong know-how technique and its ongoing progress towards reaching market readiness. We admire the exceptional spirit of collaboration and the belief that our current and new shareholders have positioned in us as we forge forward on our journey to convey the city air mobility ecosystem to life.” 

Volocopter and NEOM signed a three way partnership (JV) firm in December 2021, changing into strategic companions with a view to integrating the VoloCity air taxi and the VoloDrone into NEOM’s sustainable, sensible, and seamlessly linked mobility methods. The JV will design, combine, and function the area’s all-electric public flight routes for the preliminary seven years post-launch.  

“At Neom we strongly consider within the potential for city air mobility to offer a brand new dimension to future built-in transport methods. 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. We consider Volocopter is the perfect associate to construct a sophisticated air mobility ecosystem in Neom. We look ahead to realising this thrilling mission collectively with Volocopter and its world companions” stated Florian Lennert, Head of Mobility of NEOM. 

GLy is backed by Geely Holding, a long-term associate of Volocopter. Of their three way partnership, Geely and Volocopter purpose to convey UAM to China. With its excessive density of megacities, China is predicted to grow to be one of many largest markets for electrical air taxis.  

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

With many firms having handed the due diligence part, Volocopter’s Collection E funding spherical stays open.