AUTO PUNDITZ
  • Team Auto Punditz

Air Taxi - 200 Million Euros Raised- Volocopter




German aviation startup Volocopter based in Bruchsal founded by Alexander Zosel and Stephan Wolf exclaimed on Wednesday it had acquired 200 million euros ($242 million) from the investors along with funds run by the U.S. asset manager BlackRock as it is looking for certification for its battery-powered flying taxi.


They also are expecting to bring its VoloCity air taxi into commercial service within the next 2 years, and they have also collaborated with logistics group DB Schenker for deploying heavy-lift cargo drones.


The Series D funding round brought a total amount acquired by Volocopter to 322 million euros, with new investor Avala Capital, Atlantia, Continental, NTT, and Tokyo Century also coming on board.