More than a dream…

Along with VoloConnect, VoloCopter, VoloDrones, VoloPorts and VoloIQ, VoloCity is part of the German company’s ambitious plans to “bring urban mobility to your life”.

Backed by Geely, Merecedes Benz, Intel Capital and Blackrock among others, Volocopter certainly does not lack ambition, no matter how big the technical, financial and certification challenge to bring their integrated eVTOL vision to life.

Founded in 2011 and with an initial focus on Munich and Singapore, Volocopter’s plans are impressive and may well be one of the front runners in a very crowded field of eVTOL start-ups, many of them also very well funded and with similar ambitions to revolutionize air mobility.

Volocopter is also one of the few high-profile eVTOL OEMs who haven’t yet gone for a SPAC-based public listing in order to raise capital, and actually cancelled well-publicized plans to list in November 2021.

Notwithstanding this pre-certification capital turbulence, Volocopter has raised €153m in March 2022 in a Series E funding round which gave it a pre-money valuation of US$1.7 billion and total funds raised of US$579m.

With certification scheduled for mid-2024, few will bet against it.