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

  • Options abound for road weather sensing
    September 6, 2017
    Meteorological organisations invest millions in super-computers to crunch data for ever-more accurate forecasts but inherent unpredictability means that other methods of alerting drivers and road authorities to fast-changing weather and highway conditions are essential. For years, static weather sensors to measure factors such as surface water, ice or high roadway temperatures have been embedded in highways to provide such data. But that is changing.
    Read More
  • Uber bolsters app features to boost micromobility
    October 1, 2019
    Uber is combining its ride-hailing and food delivery apps, while polishing its green credentials and launching a range of new features and partnerships. There is a particular focus on micromobility: bikes and scooters will be displayed on the map inside the ride-hailing giant’s app in 28 cities to make it easier for users to view their options. The company is also expanding its in-app Transit option to include San Francisco, Mexico City and Paris. New Uber Jump bikes and scooters will come with batteries
    Read More
  • Battery bottleneck: EV roll-out at risk
    June 17, 2019
    In order for the take-up of electric vehicles – a key part of the future mobility mix - to grow, we need batteries. And that might prove tricky, reports Graham Anderson Industry and commodities experts fear that the growth in electric vehicles (EVs) could be much slower than predicted due to bottlenecks in global battery market supply chains. “People seem to think that the switch from the internal combustion engine to electric vehicles just means you plug your car in rather than fill it with petrol,” a
    Read More
  • P3s offer new options for public transit agencies
    March 28, 2018
    David Crawford welcomes new US guidance on public-private partnerships in the public transit sector. Public-private partnerships (P3s) are becoming increasingly favoured as a means of cost-effectively delivering much-needed public transit projects across the US. Previously, researched examples have tended to be on the large-scale while information on the potential for smaller, more localised schemes has been comparatively sparse. In a bid to fill that gap, the ‘Public Transportation Guidebook for Small
    Read More

Highlighted Content