PR88330

BRUCHSAL, Germany, March 3, 2021 /PRNewswire=KYODO JBN/ --

- EUR 200 million (USD 240 million) raised in an oversubscribed Series D

funding

- New investors include funds managed by BlackRock, Avala Capital, Atlantia

S.p.A., Continental AG, NTT, and Tokyo Century amongst others, with all

existing investors also joining the round

- Funding will be used to solidify Volocopter's market leadership

Volocopter, the pioneer of urban air mobility (UAM), announced the signing of

their Series D funding round today, raising EUR 200 million in additional

capital. Cumulatively, Volocopter has raised EUR 322 million. The funding will

be used to solidify Volocopter's leading position in the UAM market by bringing

the VoloCity, the battery-powered air taxi for cities, to certification and by

accelerating the launch of its first commercial routes.

Photo - https://mma.prnewswire.com/media/1448431/VoloCity.jpg

Logo - https://mma.prnewswire.com/media/1361665/volocopter_Logo.jpg

Volocopter is in the final stages of providing new, sustainable mobility

options for cities around the world. Their future services range from electric

autonomous air taxis flying passengers directly and safely to their

destinations to transporting goods with the company's VoloDrone.

Having ten years of development experience, Volocopter is a leader in the urban

air mobility space. As the first and only electric vertical take-off and

landing (eVTOL) company to receive Design Organisation Approval (DOA) by the

European Union Aviation Safety Agency (EASA), Volocopter expects its first

commercial air taxi routes to be opened within 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

electric air taxi company has publicly performed as many flights in cities

around the world, with full regulatory approval, as Volocopter has. Our

VoloCity is the fifth generation of Volocopter aircraft and has a strong path

to being the first certified electric air taxi for cities. Volocopter already

has the extensive partnerships necessary to set up the UAM ecosystem for

launching both our company and the industry into commercial operations. We are

called the pioneers of UAM for a reason, and we plan to keep that title."

Volocopter offers a holistic approach to the UAM market by developing a full

ecosystem to connect all the vital parts to get the industry off the ground.

This includes multipurpose aircraft (VoloCity and VoloDrone), physical and

digital infrastructure (VoloPort and VoloIQ), as well as partnerships with

global leaders in their respective fields.

"We are thrilled to welcome investors who share our belief that innovative

technology like our Volocopter is one of the key enablers for a sustainable

future," says Rene Griemens, CFO of Volocopter. "Our shareholder structure

remains well balanced with a healthy mix of strategic and financial partners

spread as globally as our business ambitions."

New investors in Volocopter include funds managed by BlackRock, global

infrastructure company Atlantia S.p.A., Avala Capital, mobility technology

giant Continental AG, global technology focused investment fund Jericho

Capital, global technology and business solutions provider NTT via its venture

capital arm, Tokyo Century, a leading Japanese leasing company, leading family

offices, and others. All existing investors, including Geely, Daimler, DB

Schenker, Intel Capital, btov Partners, Team Europe, and Klocke Holding amongst

others also joined the round.

Volocopter has performed several milestone flights in Helsinki, Stuttgart,

Dubai, and over Singapore's Marina Bay in recent years. While the first routes

are yet to be announced, the company has committed to establishing air taxi

services in Singapore and Paris with plans to expand many more routes in the

US, Asia, and Europe.

About Volocopter

Volocopter is building the world's first sustainable and scalable urban air

mobility business to bring affordable air taxi services to megacities

worldwide. With the VoloCity, the company is developing the first fully

electric "eVTOL" aircraft in certification to transport passengers safely and

quietly within cities. Volocopter leads and cooperates with partners in

infrastructure, operations, and air traffic management to build the ecosystem

necessary to 'Bring Urban Air Mobility to Life'.: www.volocopter.com

SOURCE  Volocopter GmbH