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Volocopter raises US$240 million

eVTOL aircraft VoloCity from © Volocopter

Volocopter, the urban air mobility specialist has announced a successful signing of its Series D funding round, raising an additional US$240 million and taking the total raised to US$390 million. This fresh injection of funds will allow the company to maintain its leading role as an urban air mobility (UAM) company through its VoloCity battery-powered air taxi for cities, enabling it to push for certification and an accelerated launch of its initial commercial routes.

In addition to the VoloCity for autonomous passenger taxi flights, Volocopter intends to invest in the VoloDrone for the transportation of goods and is currently the first and only electric vertical take-off and landing (eVTOL) company to receive Design Organisation Approval (DOA) by the European Union Aviation Safety Agency (EASA). It expects its first commercial air taxi routes to be operational within the next two years.

“Volocopter is ahead of the curve in the UAM industry, and we have the achievements to prove it,” says Florian Reuter, CEO of Volocopter. “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 UAM 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.”

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.

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