Volocopter has raised $579 million to support its project in pursuit of an advanced air mobility solution. [Courtesy: Volocopter]
Key Takeaways:
Volocopter secured $170 million in Series E funding, elevating its valuation to $1.7 billion and bringing its total funding to $579 million.
The capital, led by South Korean firm WP Investment, will be used to certify Volocopter's eVTOL aircraft and launch commercial air taxi services globally.
Volocopter plans to deploy its air taxis in cities like Singapore, Rome, and Paris, and has formed a strategic partnership with WP Investment to develop its advanced air mobility ecosystem in South Korea.
Electric vertical takeoff and landing (eVTOL) developer Volocopter announced Friday that it has raised $170 million to launch its Series E funding round, valuing the company at $1.7 billion.
So far, the company has raised $579 million to support its project in pursuit of an advanced air mobility solution.
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Michael Wildes holds a master’s degree in Logistics & Supply Chain Management, and a bachelor’s degree in Aeronautical Science, both from Embry-Riddle Aeronautical University. Previously, he worked at the university’s flight department as a Flight Check Airman, Assistant Training Manager, and Quality Assurance Mentor. He holds MEI, CFI & CFII ratings. Follow Michael on Twitter @Captainwildes.
