German aviation startup Volocopter mentioned on Wednesday it had raised 200 million euros ($242 million) from buyers together with funds run by U.S. asset supervisor BlackRock because it seeks certification for its battery-powered flying taxi.
Volocopter mentioned it expects to carry its VoloCity air taxi into business service throughout the subsequent two years, whereas it has additionally teamed up with logistics group DB Schenker to deploy heavy-lift cargo drones.
The Collection D funding spherical brings the whole quantity raised by Volocopter to 322 million euros, with new buyers Avala Capital, Atlantia, Continental, NTT and Tokyo Century additionally approaching board.