INSUBCONTINENT EXCLUSIVE:
Autonomous air mobility company Volocopter has added to the Series C funding round it announced in September 2019
company with operations all over the world.This round also includes participation by Mitsui Sumitomo Insurance Group, as well as the venture
arm of its parent MS-AD, along with TransLink Capital
Existing investors, including Lukasz Gadowski and btov, also participated in this round extension.With this new funding, Volocopter brings
its total raised to around $132 million, and it says it will use the newly acquired capital to help certify its VoloCity aircraft, its air
Meanwhile, Volocopter will also use the new funds to help continue development of a next-generation iteration of its VoloDrone, which is the
cargo-carrying version of its aircraft
It aims to use VoloDrone to expand its market to include logistics, as well as construction, city infrastructure and agriculture.Already,
Volocopter has formed partnerships with companies including John Deere for pilots of its VoloDrone, but it says that a second-generation
version of the vehicle will help it commercialize the drone
feasibility study about air taxi services for potential deployment across Southeast Asia in key cities.Alongside this round extension,
September, and DB Schenker CEO Jochen Thewes
Both of these are key strategic partners from investors who stand to benefit the company not only in terms of funding, but also in terms of
supply-side and commercialization.
