Volocopter extends Series C funding to $94M with backing from logistics giant DB Schenker and others

Volocopter extends Series C funding to $94M with backing from logistics giant DB Schenker and others

4 years ago
Anonymous $9CO2RSACsf

https://techcrunch.com/2020/02/21/volocopter-extends-series-c-funding-to-94m-with-backing-from-logistics-giant-db-schenker-and-others/

Autonomous air mobility company Volocopter has added to the Series C funding round it announced in September 2019. The German electric vertical take-off and landing (eVTOL) aircraft maker announced €50 million ($54 million at today’s exchange rate) in funding at the time, and the C round has now grown to €87 million ($94 million) thanks to new lead investor DB Schenker, a German logistics company with operations all over the world.

This round also includes participation by Mitsui Sumitomo Insurance Group, as well as the venture arm of its parent MS&AD, along with TransLink Capital . Existing investors including Lukasz Gadowski and btov also participated in this round extension.