Volocopter Raises $182M in Second Signing of Sequence E Funding Spherical
by DRONELIFE Employees Author Ian M. Crosby
City air mobility (UAM) chief Volocopter has closed a further 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 gives a completely 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 superb success and highlights our pole place within the business certification race,” mentioned 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 akin 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 expertise technique and its ongoing progress towards reaching market readiness,” mentioned Volocopter CCO Christian Bauer. “We respect 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 carry 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 imagine within the potential for city air mobility to supply 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,” mentioned Florian Lennert, Head of Mobility of NEOM. “We imagine Volocopter is the most effective companion to construct a complicated air mobility ecosystem in Neom. We stay up for realising this thrilling mission collectively with Volocopter and its international companions.”
GLy is backed by Volocopter companion Geely Holding. Of their three way partnership, the companions intend to carry UAM to China, which is anticipated to develop into one of many largest markets for electrical air taxis.
“Volocopter’s imaginative and prescient encompasses industrial short- and medium-range business passenger functions to carry effectivity to the way in which we transfer round our cities,” mentioned GLy Capital Co-CEO Hrvoje Krkalo. “I stay up for supporting their journey; a journey that guarantees to be thrilling, protected, and scenic in equal measure.”
Learn extra about Volocopter:
Ian attended Dominican College of California, the place he acquired a BA in English in 2019. With a lifelong ardour for writing and storytelling and a eager curiosity in expertise, he’s now contributing to DroneLife as a workers author.
Miriam McNabb is the Editor-in-Chief of DRONELIFE and CEO of JobForDrones, an expert drone providers market, and a fascinated observer of the rising drone business and the regulatory setting for drones. Miriam has penned over 3,000 articles centered on the business drone house and is a global speaker and acknowledged determine within the business. Miriam has a level from the College of Chicago and over 20 years of expertise in excessive tech gross sales and advertising for brand spanking new applied sciences.
For drone business consulting or writing, Electronic mail Miriam.
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