DB Schenker’s Investment In Volocopter GmbH

Osborne Clarke has advised DB Schenker on its investment in electric air taxi manufacturer, Volocopter GmbH, as part of an EUR 87 million Series C financing round.

Mitsui Sumitomo Insurance Group, MS&AD Ventures and TransLink Capital (Japan Airlines and Sompo Japan Insurance) also participated in the round, in addition to existing investors Lukasz Gadowski and btov. The financing will be used to certify its VoloCity aircraft – an autonomous, electrically powered aircraft that takes off and lands vertically. The capital will also be used to hire additional industry experts and to bring to market a second-generation of its cargo-carrying VoloDrone. To date, Volocopter has raised a total of EUR 122 million.

DB Schenker is the leading logistics service provider worldwide: more than 75,800 employees work for the group at more than 2,000 locations in over 130 countries. The company offers land transport, air and sea freight, comprehensive logistics solutions and global supply chain management from a single source. DB Schenker is already testing autonomous and electrically driven vehicles in various projects and in actual operation.

An Osborne Clarke team led by VC/Corporate Counsel Till-Manuel Saur (Picture) provided DB Schenker with comprehensive advice on the financing. The team also included Nicolas Gabrysch, Philipp Niedermeyer (both VC / Corporate), Dr Sebastian Hack (Antitrust), Dr Johannes Graf Ballestrem, Laura Klein, Stephan Reisner (all IP), Christoph Boeminghaus, Carsten Dau, Gunnar Jommersbach (all Commercial), Dr Hans-Christian Woger, Benjamin Schaum (both IT), Nils-Frederik Wiehmann and Dr Robert Rentsch (both Employment).

In-house DB Schenker was represented by Dr Verena Gattineau (Corporate), Hanno Schaper, Christian Wörz (both Antitrust), Dr Stefan Zenker and Manfred Schulze (both IP).

Involved fees earner: Robert Rentsch – Hengeler Mueller; Nils-Frederik Wiehmann – Oppenhoff; Johannes Ballestrem – Osborne Clarke; Christoph Boeminghaus – Osborne Clarke; Carsten Dau – Osborne Clarke; Nicolas Gabrysch – Osborne Clarke; Sebastian Hack – Osborne Clarke; Gunnar Jommersbach – Osborne Clarke; Laura Klein – Osborne Clarke; Philipp Niedermeyer – Osborne Clarke; Stephan Reisner – Osborne Clarke; Till-Manuel Saur – Osborne Clarke; Benjamin Schaum – Osborne Clarke; Hans-Christian Woger – Osborne Clarke;

Law Firms: Hengeler Mueller; Oppenhoff; Osborne Clarke;

Clients: DB Schenker;