Volocopter receives $ 240 million in funding.

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Volocopter announced that it has received another $ 240 million in funding, bringing the total to $ 390 million. This new funding will allow the company to maintain its leading role as an “urban air mobility” (UAM) through the VoloCity taxi.

In addition to VoloCity, which will be used for stand-alone passenger taxi flights, Volocopter intends to invest in VoloDrone for freight transport and is currently the first and only vertical take-off and landing electric company (eVTOL) to receive approval. the design organization (DOA) of the European Union Aviation Safety Agency (EASA).

The first commercial air taxi flights will be operated in the next two years.

"Volocopter is ahead of the curve in the UAM industry and we have the achievements to prove it", says Florian Reuter, CEO of Volocopter. "No other airline has publicly operated as many flights in cities around the world with full regulatory approval as Volocopter. VoloCity is the fifth generation of Volocopter aircraft and is the first certified electric air taxi for cities. ”

Volocopter has made several major flights to Helsinki, Stuttgart, Dubai and over Marina Bay in Singapore in recent years. While the first routes are not yet announced, the company will establish air taxi services in Singapore and Paris, with plans to expand several routes in the US, Asia and Europe.

Volocopter is in competition with Lilium, a German taxi company, which announced that vto Open the First Taxi Hub in Orlando |, Florida, and which approximates that the first customers will be served from 2025.

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