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German Volocopter attracted another 200 million euros for the development of air taxi
In the fourth round of fundraising in its history, the German company Volocopter raised 200 million euros ($ 240 million), which exceeded the amount of the expected collection. Investors willingly gave money to develop electric aerial unmanned vehicles of the future. Volocopter’s investors include Geely, Daimler, DB Schenker and Intel Capital, while new investors include Japan’s NTT and Tokyo Century.
Image source: Volocopter
Volocopter takes air taxi prototypes to the skies from 2021. Test flights of air taxi VoloCity made in the skies of Singapore, Helsinki and over Dubai. It is expected that VoloCity will serve passengers during the Paris Olympics in 2024, and from 2023 will operate sightseeing flights around Singapore. Volocopter is currently working on the fifth generation of VoloCity air taxi and continues to improve prototypes of VoloDrone cargo aerial drones. The collected funds will be used by the company to accelerate the transition to the commercial stage of the operation of a new type of urban transport.
The company is in the final stages of creating new, sustainable travel options for cities around the world, according to Volocopter. She was the first to receive permission for project activities in the EU in the field of creation of electric air transport with vertical take-off and landing, which significantly accelerated the certification process of new versions of air taxis and changes in their design. Since 2021, Volocopter no longer needs to obtain permission from the EU authorities for test flights of modified vehicles, and this saves time, effort and money.
Image source: Volocopter
The Volocopter VoloCity has almost twice the payload than its direct Chinese competitor, the EH216 two-seater air taxi EH216. The latter can carry a load of up to 260 kg, and the German VoloCity — up to 450 kg. At the same time, the Chinese EHang is entering the stage of mass production of air taxi with plans to produce at least 600 vehicles a year, before which the Germans still have years and years. However, the enthusiasm of investors for unmanned air transport is encouraging and gives hope that the path to it will be passed.