Volocopter has raised an additional $182 million in the second signing of its Series E funding round.

Neom, the Saudi city project, and GLy Capital Management of Hong Kong, have joined Volocopter’s investor base.

This will carry the company beyond the certification of its electric passenger aircraft, the VoloCity air taxi.

The pioneer in urban air mobility (UAM) vehicles has over 10 years of experience and upward of 1,500 successful test flights.

EASA milestone

As the first and only electric vertical takeoff and landing (eVTOL) company to receive Design Organisation Approval (DOA) from the European Union Aviation Safety Agency (EASA), Volocopter expects to launch its first commercial air taxi routes in the next two years in megacities in Asia or Europe.

Christian Bauer, CCO of Volocopter, added: “Raising over USD 180 million despite the generally tense economic climate highlights Volocopter’s robust technology strategy and its ongoing progress toward achieving market readiness.

“We appreciate the remarkable spirit of collaboration and the trust that our existing and new shareholders have placed in us as we forge ahead on our journey to bring the urban air mobility ecosystem to life.”
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