Volocopter raises €50m for air taxi launch

Volocopter has raised €50 million to help commercially launch its VoloCity air taxi within the next few years. Automotive company Zhejiang Geely Holding led the funding round and is partnering with Volocopter to develop urban air mobility in China. Li Shufu, Geely Holding chairman, says: “Geely is transitioning from being an automotive manufacturer to a mobility technology group, investing in and developing a wide range of next-generation technologies.” Looking ahead, Volocopter expects to close
September 16, 2019 Read time: 1 min

8772 Volocopter has raised €50 million to help commercially launch its VoloCity air taxi within the next few years.

Automotive company Zhejiang Geely Holding led the funding round and is partnering with Volocopter to develop urban air mobility in China.

Li Shufu, Geely Holding chairman, says: “Geely is transitioning from being an automotive manufacturer to a mobility technology group, investing in and developing a wide range of next-generation technologies.”

Looking ahead, Volocopter expects to close a second funding round toward the end of the year and says it remains open to new investors.

For more information on companies in this article

Related Content

  • Allguth and The Linde Group launch hydrogen filling station, Munich
    October 24, 2017
    Medium sized oil company Allguth has teamed up with technology company The Linde Group (LG) and opened a hydrogen (H2) filling station for fuel-cell vehicles in Munich’s Trudering district, Germany. The Federal Ministry for Transport and Digital Infrastructure (BMVI) supported the construction of the facility with €400,000 (£356,000) from its National Innovation Programme for Hydrogen and Fuel Cell Technology (NIP) and it will be operated by the infrastructure partner H2 Mobility.
    Read More
  • BlackBerry $50m fund to help auto providers 
    March 31, 2021
    Companies will have access to up to $100,000 in AWS credits 
    Read More
  • Venkat Sumantran: ‘Smart cities are more hype than reality’
    November 23, 2018
    For all the talk of smart cities, investment in systems lags significantly behind organic expansion in most places. Andrew Stone talks to Venkat Sumantran, who has been looking at how to create a coherent framework which could help authorities answer multiple mobility questions Two megatrends are posing unprecedented challenges to those trying to keep people moving around the world’s urban areas now - and in the years and decades to come. The first is rapid urbanisation. One in six of us lived in urban a
    Read More
  • Emissions reductions targets to have major impact on transport
    October 28, 2015
    As bold moves aimed at reducing greenhouse gas emissions have been introduced in California, David Crawford looks at the ramifications for transportation. California Governor Jerry Brown’s recent dramatic raising of the bar on emissions reduction policy for the state has won him praise from Japan, Australia, Europe and the secretariat of the critical UN conference on climate change being held in Paris in November/December 2015. His April 2015 executive order aimed at bringing emissions to 40% below 1990 lev
    Read More

Highlighted Content