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Home > Settings > Archives > March 2022 > Volocopter Secures US$ 170 Million in Series E Financing Round

Volocopter Secures US$ 170 Million in Series E Financing Round

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Volocopter, a GeoWorks GeoTech, has raised US$170 million from the first signing of the Series E funding round led by South Korean company WP Investment. A pioneer in the urban air mobility market, Volocopter plans to use the funding to accelerate its certification of air taxis and launch of commercial flights worldwide, starting with Singapore, Rome and Paris.  

“This funding round is a testament to Volocopter’s leading position in what is a highly attractive emerging market. We continue to make significant technical and commercial progress as we work toward bringing urban air mobility to life at scale in cities worldwide,” said Florian Reuter, CEO of Volocopter.

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