Air taxi startup Volocopter eyes fresh capital, SPAC an option

Published Thu, Mar 18, 2021 · 03:31 PM

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[BERLIN] German air taxi startup Volocopter plans to raise fresh funds from investors, its chief executive Florian Reuter said on Thursday, adding that a deal to go public via a special purpose acquisition company (SPAC) was one option.

Volocopter just this month tapped investors led by US asset manager Blackrock for US$239 million in backing as it seeks certification for its battery-powered flying taxi.

"We expect to need more money in the future," Mr Reuter said in an interview. "You can expect us to continue raising money going forward."

REUTERS

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