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Green Transportation

The Future of Airflight: German electric air taxi pioneer Volocopter raises $238 mn

Julian Wettengel 03/07/2021

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( Clean Energy Wire) – German urban air mobility company Volocopter has raised an additional 200 million euros in funding from a wide range of investors to help “solidify [its] leading position” in the market and bring its battery-powered air taxi to certification, the company said in a release.

“No other electric air taxi company has publicly performed as many flights in cities around the world, with full regulatory approval, as Volocopter has,” said CEO Florian Reuter.

Volocopter said it expects its first commercial air taxi routes to be opened within the next two years and aims for its VoloCity to become the first certified electric air taxi for cities. BlackRock, Continental AG, Daimler and DB Schenker are among the investors.

Volocopter is one of several different concepts for establishing e-aircraft as a means of short-distance transportation in Germany. In 2018, the start-up presented its vision for a large-scale urban electric air taxi service.

In 2019, the company teamed up with airport operator Fraport AG to explore the use of autonomous flying taxis at Germany’s Frankfurt Airport. Another prominent German air mobility start-up is Lilium.

Via Clean Energy Wire

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Bonus Video added by Informed Comment:

Volocopter: “New VoloCity Air Taxi Design Released by Urban Air Mobility Pioneer Volocopter”

Filed Under: Green Transportation

About the Author

Julian Wettengel is a staff Correspondent for Clean Energy Wire. Before joining the team, he served as a parliamentary assistant to the Chairman of the Foreign Affairs Committee in the European Parliament. In this role, he was responsible for the preparation of speeches, articles and briefings for the chairman. Prior to his time in Brussels, he supported a professor at the George Washington University as a research assistant. Julian has also worked for a number of TV productions as camera assistant, sound operator and researcher. He holds a Master's degree in political science from the University of Kiel. Twitter: @J_Wettengel

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