Volocopter Raises Additional USD 182 million

posted on 3rd November 2022 by Eddie Saunders
Volocopter Raises Additional USD 182 million

Volocopter has raised an additional USD 182 million in the second signing of its Series E funding round.

NEOM – the Red Sea’s smart, cognitive region project – and GLy Capital Management of Hong Kong have joined Volocopter’s diverse investor base.

This will carry the company beyond the certification of its electric passenger aircraft, the VoloCity air taxi.

Sustainable mobility is a tremendous challenge facing today’s world. 

Volocopter offers a new solution with a suite of fully electric aircraft built specifically for urban missions

Crucially, Volocopter’s unique and holistic UAM ecosystem approach connects all key global market players as it strives to get the industry off the ground.

This includes developing multipurpose electric aircraft to bring passengers and goods safely to their destination (the VoloCityVoloRegion, and VoloDrone), and enabling the physical and digital infrastructure to match (the VoloPort and VoloIQ). 

“Attracting NEOM And GLy as investors is a great success and highlights our pole position in the commercial certification race,” Dirk Hoke, CEO of Volocopter.

“This is the key requirement to launching commercial operations and starting to generate revenue.”

“Raising over USD 180 million despite the generally tense economic climate highlights Volocopter’s robust technology strategy and its ongoing progress toward achieving market readiness,” Christian Bauer, CCO of Volocopter.

“We appreciate the remarkable spirit of collaboration and the trust that our existing and new shareholders have placed in us as we forge ahead on our journey to bring the urban air mobility ecosystem to life.”