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, valuing the eVTOL developer at $1.7 billion and bringing its total capital raised to $579 million.
Led by South Korean firm WP Investment, the funds will be used to certify Volocopter's electric air taxis and launch commercial urban air mobility services in cities worldwide.
Volocopter also formed a strategic partnership with WP Investment to implement 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.
