FutureFlight
Volocopter Draws $182 million in Funding from Saudi, Chinese Interests
The Investments will help to carry the company beyond certification of the VoloCity air taxi vehicle.
Volocopter VoloCity in Singapore
The Volocopter VoloCity electric aircraft performs a demo flight in Singapore in October 2019. The company now has added Saudi Arabia's Neom regional development project to its list of potential markets for the vehicle. (Photo: Volocopter)

Volocopter has raised another $182 million in the second signing of its Series E funding round from Saudi regional development project Neom and Hong Kong’s Gly Capital Management, the Bruschal, Germany-based eVTOL manufacturer said Tuesday. Volocopter added that the funding will carry the company beyond the certification of the VoloCity electric passenger aircraft.

Volocopter boasts more than 10 years of development experience and has flown some 1,500 test flights. The only electric vertical takeoff and landing (eVTOL) company to receive Design Organization Approval from the European Union Aviation Safety Agency (EASA), Volocopter expects to launch its first commercial air taxi routes within two years in places such as Singapore, Rome, Paris, and the Neom region.  

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