Future Of City Travel: “Volocopter” Secures Financing For Launch Of Air Taxi In Three Years

From a Volocopter.com online release:

Volocopter Urban Taxi RevolutionVolocopter builds electrically powered air taxis to get people safely and directly to their destination. The aim is to save people time and to help megacities transform their transportation systems towards a more sustainable future by adding a new mobility option for their citizens. Since its foundation in 2011, the company has built three generations of Volocopter aircraft, two of which received licenses for manned and unmanned flight with a total funding of EUR 35 million. The company has performed numerous public demonstrations of the viability of electrically powered vertical take-off and landing aircraft (eVTOL), most recently it successfully completed a flight at Helsinki International Airport.

Bruchsal/Frankfurt, 09. September 2019 – Today, Volocopter, the Urban Air Mobility pioneer, announced that it signed the first closing of its Series C funding round, which is being led by Zhejiang Geely Holding Group (Geely Holding). The new funds will be used towards bringing the VoloCity aircraft to commercial launch within the next three years. Volocopter remains in discussions with additional investors for a second closing around year-end. The first closing will increase the total capital that Volocopter has raised to EUR 85 million.

To read more: https://press.volocopter.com/index.php/urban-air-mobility-pioneer-volocopter-raises-new-capital

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