Volocopter raises 200 million euros for air taxi certification push

Tokyo Century

03/03/2021 07:00

March 3 (Reuters) - German aviation startup Volocopter said
on Wednesday it had raised 200 million euros ($242 million) from
investors including funds run by U.S. asset manager BlackRock
 BLK.N  as it seeks certification for its battery-powered flying
taxi.
    Volocopter said it expects to bring its VoloCity air taxi
into commercial service within the next two years, while it has
also teamed up with logistics group DB Schenker to deploy
heavy-lift cargo drones.  urn:newsml:reuters.com:*:nL3N2GH08R
    The Series D funding round brings the total amount raised by
Volocopter to 322 million euros, with new investors Avala
Capital, Atlantia  ATL.MI , Continental  CONG.DE , NTT  9432.T 
and Tokyo Century  8439.T  also coming on board.
 ($1 = 0.8278 euros)

 (Reporting by Douglas Busvine
Editing by Riham Alkousaa)
 ((douglas.busvine@tr.com; +49 30 220 133 562;))