Air taxi startup Volocopter eyes fresh capital, SPAC an option - CEO

Tokyo Century

18/03/2021 14:50

By Nadine Schimroszik and Douglas Busvine
    BERLIN, March 18 (Reuters) - German air taxi startup
Volocopter plans to raise fresh funds from investors, its Chief
Executive Florian Reuter said on Thursday, adding that a deal to
go public via a special purpose acquisition company (SPAC) was
one option.
    Volocopter just this month tapped investors led by U.S.
asset manager Blackrock  BLK.N  for 200 million euros ($239
million) in backing as it seeks certification for its
battery-powered flying taxi.  urn:newsml:reuters.com:*:nL1N2KT2K8
    "We expect to need more money in the future," Reuter said in
an interview. "You can expect us to continue raising money going
forward."

 (Writing by Douglas Busvine
Editing by Arno Schuetze)
 ((douglas.busvine@tr.com; +49 30 220 133 562;))