Currently, last-mile mobility and inter-city travel sectors are dominated by electric vehicles and e-scooters as they can help reduce harmful emissions as well as reduce traffic in metro cities. However, with advanced technologies coming into the picture, short-distance air travel is also expected to soon become a reality. In a recent development, Volocopter, Germany-based urban air mobility (UAM) startup, has raised an additional €200M in its Series D round of funding.
How will the funds be utilised?
The raised capital will be used to solidify Volocopter’s position in the UAM market. The funds will help bring the VoloCity (an autonomous electric aircraft), the battery-powered air taxi for cities, to certification and accelerate the launch of its first commercial routes.