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Germany based Volocopter, a Urban Air Mobility pioneer, announced that it signed the first closing of its Series C funding round, which is being led by Geely Holding. The Volocopter has raised $55 million fund for commercialisation of VoloCity air taxi.

Details are provided below:

  • •The new funds will help Volocopter to launch within the next three years.
  • Volocopter builds electrically powered air taxis to get people to their destination directly.
  • “Urban mobility needs to evolve in the next few years to meet rising demand. With our Volocopter air taxis, we are adding a whole new level of mobility in the skies,” says Florian Reuter, CEO of Volocopter. “This funding round is allowing us to take great strides towards bringing Urban Air Mobility to life whilst being respectful of our shareholder’s money.”

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