In the second signing of its Series E fundraising round, Volocopter has received an additional USD 182 million. NEOM, the Red Sea’s smart, cognitive area initiative, and Hong Kong’s GLy Capital Management have joined Volocopter’s broad investor base. This will allow the firm to expand its operations beyond the certification of its electric passenger aircraft, the VoloCity air taxi.
Sustainable mobility is a tremendous challenge facing today’s world. Volocopter provides a novel solution in the form of a series of totally electric aircraft designed exclusively for urban operations. Importantly, Volocopter’s unique and comprehensive UAM ecosystem strategy unites all important global market actors as it works to establish the industry. This involves building multifunctional electric aircraft to securely transport passengers and commodities (the VoloCity, VoloRegion, and VoloDrone) and allowing 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. This is the key requirement to launching commercial operations and starting to generate revenue,” Dirk Hoke, CEO, Volocopter.
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