FutureFlight
Volocopter Takes Total Funding to Almost $400 Million with Series D Round
The company says an additional $240 million raised from new and existing investors is sufficient to complete type certification of its VoloCity eVTOL aircraft.
Volocopter VoloCity
Volocopter says its VoloCity eVTOL aircraft will be certified to begin commercial operations. (Photo: Volocopter)

Volocopter has raised a further €200 million ($240 million) through a Series D funding round that it says will be sufficient to get its two-seat, all-electric eVTOL aircraft certified and into commercial service during 2023. New investors in the round include funds managed by BlackRock, Avala Capital, Atlantia S.p.A, Continental AG, NTT, Jericho Capital, and Tokyo Century; some of its earlier backers also support the round.

Announcing the new investments today, the German company said that it has now raised a total of €322 million ($387 million). This is just under one-fifth of the $1.6 billion that Joby Aviation raised last week through a merger-flotation with special purpose acquisition company (SPAC) Reinvent Technology Partners and around one-third of the $1.1 billion that Archer raised through another recent SPAC-backed share flotation.