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DB Schenker Invests

Volocopter Continues to Expand

24. Februar 2020, 14:29 Uhr   |  Heinz Arnold

Volocopter Continues to Expand
© Volocopter

Volocopter is working on the approval of the VoloCity, the first commercial routes are expected to open in two to four years. The company has now raised a further 87 million euros, including from DB Schenker.

As the first eVTOL company to be recognised by the European Aviation Safety Agency as a design organisation, Volocopter is currently working on the commercial approval of the VoloCity. VoloCity is an autonomous, electrically powered, vertical take-off and landing aircraft, on the basis of which the company intends to offer an air taxi service in the world's megacities and supplement the existing transport options.

Volocopter has now raised 87 million euros in the extended Series C financing round. "DB Schenker is already testing autonomous and electrically powered vehicles in various innovation projects and also in actual operation. By integrating the VoloDrone into our future supply chains, we will be able to meet our customers' demand for fast, emission-neutral delivery even in places that are difficult to reach," says Jochen Thewes, Chairman of the Management Board of DB Schenker.

In addition to DB Schenker, Mitsui Sumitomo Insurance Group, MS&AD Ventures and TransLink Capital (Japan Airlines and Sompo Japan Insurance) as new investors, as well as Lukasz Gadowski and btov as existing investors participated in the round. This brings the total investment in Volocopter to date to 122 million euros.

Volocopter intends to use the money from the latest round of financing not only to drive forward the approval of the VoloCity, but also to hire additional industry experts and bring the second generation of the VoloDrone to market maturity. New to the Volocopter advisory board are Dieter Zetsche and Martin Hubschneider.

Volocopter recently demonstrated the maturity of the technology with a public flight over the Marina Bay Reservoir in Singapore. Thanks to a VoloPort prototype, visitors there were already able to get a feel for Urban Air Mobility. Volocopter is pursuing a holistic approach and plans to build an ecosystem for urban aviation. In October, Volocopter also presented a model of its VoloDrone heavy-duty drone, opening up the company to the fields of logistics, agriculture, public utilities and infrastructure.

With the conclusion of the financing round, Volocopter has also appointed Yifan "Frank" Li, Vice President of the Geely Auto Group, and Jochen Thewes, CEO of DB Schenker, to the Advisory Board. The company further strengthens its management team and appoints two independent members to its Advisory Board: the former Chairman of the Board of Management of Daimler AG, Dr. Dieter Zetsche, and the founder of CAS Software AG, Martin Hubschneider.

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