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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.