Volocopter raises 200m euros for air taxi certification push

[BERLIN] German aviation startup Volocopter said on Wednesday it had raised 200 million euros (S$321.4 million) from investors including funds run by US asset manager BlackRock as it seeks certification for its battery-powered flying taxi.

Volocopter said it expects to bring its VoloCity air taxi into commercial service within the next two years, while it has also teamed up with logistics group DB Schenker to deploy heavy-lift cargo drones.

The Series D funding round brings the total amount raised by Volocopter to 322 million euros, with new investors Avala Capital, Atlantia, Continental, NTT and Tokyo Century also coming on board.

REUTERS