Volocopter Says It Has Funding To Complete Certification of eVTOL Aircraft | Aviation International News

Finance, Taxes, Insurance

Volocopter Says It Has Funding To Complete Certification of eVTOL Aircraft

The company will not disclose which of its existing investors have committed to provide new funding

Volocopter flies in Saudi Arabia — Volocopter's existing investors include the Neom development in Saudi Arabia, where it flew a technology demonstrator version of its two-seat eVTOL aircraft in June 2023.

By Charles Alcock • Managing Editor

June 7, 2024

Financial pressure on eVTOL aircraft developer Volocopter appears to have eased, with confirmation last week that the German company has secured further funding. In a short written statement, the company said it had secured finance from several existing undisclosed shareholders but refused to identify these backers.

According to a Volocopter spokesperson, the company does not expect to be able to say more about its financial situation until a funding round closes in the fourth quarter of this year. The statement indicated that the company has sufficient funding to complete type certification of its two-seat VoloCity eVTOL model, which it now expects to achieve with EASA at the end of this year.

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