200 million euros for Volocopter

The Bruchsal-based start-up has been working on the use of electric air taxis for ten years, and approval could come as early as in the next two years.

The Bruchsal-based start-up Volocopter was able to raise 200 million euros. With this money, the company mainly wants to accelerate the approval process of the air taxis and the opening of the first routes in cities.

The investors include existing ones such as Daimler, Intel or DB Schenker. Newcomers include investment company Blackrock, which is participating through funds, as well as Continental, Avala Capital, the company Atlantia, the investment fund Jericho Capital and others.

"Our VoloCity is the fifth generation Volocopter and well on its way to becoming the first certified electric air taxi for cities. Through our partnerships, we can draw on the necessary expertise to open the first routes in the next few years," says Volocopter CEO Florian Reuter. The approval is expected to take place in the next two years.

The company was founded in 2011 and today has over 300 employees in Bruchsal near Karlsruhe, Munich and Singapore. Since its inception, Volocopter has raised over 322 million euros. Test flights have been flown over Stuttgart and Helsinki in recent years, for example. Volocopter is also working on an electric aircraft that is already in the certification process for commercial use.