Volocopter Raises Additional USD 182 million in Second Signing of Series E Financing Round

November 01, 2022

Backed by Zhejiang Geely Holding Group, the fund invests into startups that disrupt the transportation industry. Key areas of focus are electrification, smart cars, smart cities, mobility as a service (MaaS) and materials. The New Mobility Fund has invested in several mobility startups globally such as Polestar, ECARX, Freewire, Ascend Elements, Nexeon. The Company is majority owned by Zhejiang Geely Holding Group. About VolocopterVolocopter brings urban air mobility (UAM) to megacities worldwide.

About NEOM 

NEOM is an accelerator of human progress and a vision of what a New Future might look like. It is a region in northwest Saudi Arabia on the Red Sea being built from the ground up as a living laboratory – a place where entrepreneurship will chart the course for this New Future. It will be a destination and a home for people who dream big and want to be part of building a new model for exceptional livability, creating thriving businesses and reinventing environmental conservation. 

NEOM will be the home and workplace to more than a million residents from around the world. It will include hyperconnected, cognitive towns and cities, ports and enterprise zones, research centers, sports and entertainment venues, and tourist destinations. As a hub for innovation, entrepreneurs, business leaders and companies will come to research, incubate, and commercialize new technologies and enterprises in groundbreaking ways. Residents of NEOM will embody an international ethos and embrace a culture of exploration, risk-taking and diversity – all supported by a progressive law compatible with international norms and conducive to economic growth.  

For further information email media@neom.com or visit www.neom.com and www.neom.com/en-us/newsroom 

Find out more about NEOM Mobility at: www.neom.com/en-us/sectors/mobility 

 

About GLy New Mobility Fund 

The GLy New Mobility Fund is a global mid-to-late-stage private equity fund based in Hong Kong. Backed by Zhejiang Geely Holding Group, the fund invests into startups that disrupt the transportation industry. Key areas of focus are electrification, smart cars, smart cities, mobility as a service (MaaS) and materials.  The New Mobility Fund has invested in several mobility startups globally such as Polestar, ECARX, Freewire, Ascend Elements, Nexeon. 

About GLy Capital Management Limited 

GLy Capital Management Limited is a Hong Kong based investment management entity holding SFC type 1, 4 and 9 licenses. The Company is majority owned by Zhejiang Geely Holding Group. For further information, visit: www.glycm.com. 

 

About Volocopter  

Volocopter brings urban air mobility (UAM) to megacities worldwide. We aim to improve the quality of life for people in cities by offering a fantastic new mode of transportation. For that, we create sustainable and scalable UAM ecosystems with partners in infrastructure and operations.  

Volocopter’s family of eVTOL aircraft will offer passengers (VoloCity and VoloRegion) and goods (VoloDrone) swift, secure, and emission-free connections to their destinations, supported by VoloIQ, the UAM ecosystem’s software platform that serves as its digital backbone for safe and efficient operations.  

As a pioneer in the UAM industry, Volocopter will launch commercial services within the next few years. Founded in 2011, the company employs more than 500 people in Germany and Singapore, has completed over 1,500 successful public and private test flights, and has diverse investors, including Geely, NEOM, Mercedes-Benz Group, Intel Capital, and BlackRock. www.volocopter.com 

The source of this news is from Volocopter

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