Gulf Newsbreak
    What's Hot

    Scotland cause major upset in their Euro 2024 qualifier by defeating Spain 2-0

    March 28, 2023

    Seegene declares to share Syndromic PCR technologies to prevent future pandemics

    March 28, 2023

    Kolkata is now served daily by Etihad Airways

    March 27, 2023
    • Home
    • Contact Us
    Facebook Twitter Instagram
    Gulf NewsbreakGulf Newsbreak
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • More
      • Sports
      • Technology
      • Travel
    Gulf Newsbreak
    Technology

    Volocopter Raises €200 Million in Series D Funding

    March 6, 2021
    Share
    Facebook Twitter LinkedIn WhatsApp Pinterest Email Tumblr Reddit VKontakte Telegram
    Volocopter, the pioneer of urban air mobility (UAM), announced the signing of their Series D funding round, raising €200 million in additional capital. Cumulatively, Volocopter has raised €322 million. The funding will be used to solidify Volocopter’s leading position in the UAM market by bringing the VoloCity, the battery-powered air taxi for cities, to certification and by accelerating the launch of its first commercial routes. 
    Volocopter Raises €200 Million in Series D Funding

    VoloCity electric air taxi by Volocopter
    Volocopter is in the final stages of providing new, sustainable mobility options for cities around the world. Their future services range from electric autonomous air taxis flying passengers directly and safely to their destinations to transporting goods with the company’s VoloDrone.

    Having ten years of development experience, Volocopter is a leader in the urban air mobility space. 

    As 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), Volocopter expects its first commercial air taxi routes to be opened within the next two years.  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 the company and the industry into commercial operations. 
    New investors in Volocopter include funds managed by BlackRock, global infrastructure company Atlantia S.p.A., Avala Capital, mobility technology giant Continental AG, global technology focused investment fund Jericho Capital, global technology and business solutions provider NTT via its venture capital arm, Tokyo Century, a leading Japanese leasing company, leading family offices, and others. All existing investors, including Geely, Daimler, DB Schenker, Intel Capital, btov Partners, Team Europe, and Klocke Holding amongst others also joined the round.

    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.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email

    Related Posts

    Indian space program places 36 satellites in their intended orbits

    March 27, 2023

    Meta Platforms will test a monthly subscription service

    February 20, 2023

    Screens on Galaxy Z Fold 3 crack after warranty expires

    February 13, 2023

    Spotify will reduce its workforce by 6 percent

    January 23, 2023

    Amazon Web Services to invest $35 billion in Virginia data centres

    January 21, 2023

    40 percent revenue drop at Twitter amid ad squeeze

    January 18, 2023
    Latest News

    Scotland cause major upset in their Euro 2024 qualifier by defeating Spain 2-0

    March 28, 2023

    Scotland produced a shock result in their Euro 2024 qualifier, beating Spain 2-0 at Hampden…

    Seegene declares to share Syndromic PCR technologies to prevent future pandemics

    March 28, 2023

    Kolkata is now served daily by Etihad Airways

    March 27, 2023

    With Trust International acquisition, Edge strengthens defence and technology portfolios

    March 27, 2023

    Indian space program places 36 satellites in their intended orbits

    March 27, 2023
    Business

    With Trust International acquisition, Edge strengthens defence and technology portfolios

    March 27, 2023

    The third largest fish producer in the world, India accounts for 8 percent of global production

    March 25, 2023

    A gold price peak may be near – and it may last

    March 23, 2023
    News

    An oasis of tranquility for the diverse Abu Dhabi community – Abrahamic Family House

    March 24, 2023

    Globally, water pollution and sanitation are major problems – UN

    March 23, 2023

    Funding drought compels UN food agency to cut rations in Afghanistan

    March 18, 2023
    Travel

    Kolkata is now served daily by Etihad Airways

    March 27, 2023

    Dubai airline flydubai announces AED1.2 billion profit for 2022

    March 1, 2023

    Dubai Holding acquires full control of the Westin Paris – Vendome

    February 27, 2023
    © 2022 Gulf Newsbreak | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.