Voloopter Raises $170 Million in Series E Funding

by DRONELIFE Staff Writer Ian M. Crosby

Urban air mobility pioneer Volocopter has secured USD 170 million in the initial signing of its Series E funding round, with a pre-money valuation of USD 1.7 billion. Led by South Korean investor WP Investment, the round was composed of funds by new and existing investors. The funding obtained will support the certification of Volocopter’s electric passenger air taxi and is projected to assist Volocopter in launching commercially in first cities worldwide.  The raise follows last year’s $200 million Series D round.

Volocopter is creating new and sustainable mobility options, developing its family of aircraft (the VoloCity, VoloConnect, and VoloDrone) as a holistic ecosystem. An industry leader with ten years of development experience, Volocopter is the first and only electric vertical takeoff and landing (eVTOL) company to receive Design Organisation…