Volocopter, the pioneer of urban air mobility, has raised\nUSD 170 million in the initial signing of its Series E funding round led by\nSouth Korean investor WP Investment, at a pre-money valuation of USD 1.7\nbillion. Composed of funds by new and existing investors, the money raised will\nassist with the certification of Volocopter’s electric passenger air taxi and\nis expected to help Volocopter achieve commercial launch in first cities\nworldwide.<\/p>\n\n\n\n
Volocopter is developing new and sustainable mobility\noptions for cities around the world. With its family of aircraft (the VoloCity,\nVoloConnect, and VoloDrone), the company takes a unique approach by developing\nurban air mobility (UAM) as a holistic ecosystem. Having ten years of\ndevelopment experience, Volocopter is the clear leader in the urban air\nmobility space. As the first and only electric vertical takeoff and landing\n(eVTOL) company to receive Design Organisation Approval (DOA) from the European\nUnion Aviation Safety Agency (EASA), Volocopter has committed to launching\ncommercial air taxi services in cities like Singapore, Rome, and Paris.<\/p>\n\n\n\n
“This funding round is a testament to Volocopter’s\nleading position in what is a highly attractive emerging market. We continue to\nmake significant technical and commercial progress as we work toward bringing\nurban air mobility to life at scale in cities worldwide,” said Florian\nReuter, CEO of Volocopter.<\/p>\n\n\n\n
Christian Bauer, CCO of Volocopter, said: “Volocopter\nhas spectacular investors from around the globe, which puts us in an excellent\nposition to focus on our first-to-certification and first-to-market strategies\nbefore we embark on the path to public listing. I’m excited to accelerate our\npath to commercial launch together with investors, partners, and the phenomenal\nVolocopter team!”<\/p>\n\n\n\n
WP Investment based in Seoul, Republic of Korea, is a\nleading and new investor for Volocopter in this funding round. Following this\nannouncement, Volocopter and WP Investment will enter into a strategic\npartnership by creating a joint venture that will soon bring urban air mobility\nto South Korea’s cities.<\/p>\n\n\n\n
“We are confident that Volocopter will be among the\nfirst to bring UAM to cities globally, since seeing its aircraft fly in Seoul\nlast year. As a leader in ESG investment, we are excited to empower city\nsustainability through Volocopter,” says Dr. Lei Wang, Chairman of WP Investment.\nCo-Chairman Tiffany Park said: “We are excited to kick off our joint\nventure and be the first to establish sustainable eVTOL logistics and air taxi\nservices with Volocopter in Korea.”<\/p>\n\n\n\n
New investors in Volocopter include WP Investment and Honeywell,\namongst others. Many existing investors including Atlantia, Whysol, and btov\nPartners, have also reinvested in this round.<\/p>\n\n\n\n
“We decided to strengthen our investment in Volocopter\nbecause we strongly believe in its ability to rapidly bring to life this\ninnovative and sustainable mobility,” said Elisabetta De Bernardi,\nInvestment Director Europe for Atlantia. “We will continue to promote\nurban air mobility, a fast-growing business that can help reduce emissions and\ntraffic in large cities.”<\/p>\n\n\n\n
“Our successful first signing of Series E brings\nphenomenal new investors on board, with further in the due diligence stage.\nThis private funding round allows us to stay focused on our mission to bring\nsustainable urban air mobility to life,” said Stefan Klocke, Chairman of\nVolocopter’s Advisory Board. “We have never been in a stronger position:\nwe are financially diversified, certification of the aircraft is within reach,\nand we are demonstrating our advanced capabilities by public flights and strong\njoint-ventures across the world.”<\/p>\n\n\n\n
The company recently announced that it has entered a\nfinancing agreement in principle with Aviation Capital Group (ACG) to shape the\nsale and leasing of Volocopter aircraft for up to USD 1 billion. Once aircraft\ncertification has been achieved, this agreement will allow Volocopter to offer\nits operating entities and customers worldwide attractive leasing options, a\nkey to rapidly scaling the business in the future.<\/p>\n","protected":false},"excerpt":{"rendered":"
Volocopter, the pioneer of urban air mobility, has raised USD 170 million in the initial signing of its Series E funding round led by South Korean investor WP Investment, at a pre-money valuation of USD 1.7 billion. Composed of funds by new and existing investors, the money raised will assist with the certification of Volocopter’s […]<\/p>\n","protected":false},"author":3,"featured_media":21220,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[116,114],"tags":[],"class_list":["post-21217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-front-page-slider","category-international-news"],"jetpack_featured_media_url":"https:\/\/stateaviationjournal.com\/wp-content\/uploads\/Volocopter_VoloCity_Aircraft-edit-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/21217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/comments?post=21217"}],"version-history":[{"count":1,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/21217\/revisions"}],"predecessor-version":[{"id":21219,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/21217\/revisions\/21219"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/media\/21220"}],"wp:attachment":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/media?parent=21217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/categories?post=21217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/tags?post=21217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}