Volocopter’s €200 Million Series D Funding Round

Volocopter's €200 Million Series D Funding Round

Raue advised German Urban Air Mobility (UAM) provider Volocopter on the deal. Clifford Chance advised Blackrock. K&L Gates assisted Continental AG and Tokyo Century. Osborne Clarke advised DB Schenker. Taylor Wessing advised Intel Capital. Freshfields Bruckhaus Deringer advised Geely. Sidley Austin represented Micron Technology. GSK Stockmann assisted Luktev/Lukasz Gadowski.

Volocopter, the pioneer of urban air mobility (UAM), announced the signing of their Series D funding round, raising €200 million in additional capital. Cumulatively, Volocopter has raised €322 million. The funding will be used to solidify Volocopter’s leading position in the UAM market by bringing the VoloCity, the battery-powered air taxi for cities, to certification and by accelerating the launch of its first commercial routes.

New investors in Volocopter include funds managed by BlackRock, global infrastructure company Atlantia S.p.A., Avala Capital, mobility technology giant Continental AG, global technology focused investment fund Jericho Capital, global technology and business solutions provider NTT via its venture capital arm, Tokyo Century, a leading Japanese leasing company, leading family offices, and others. Existing investors, including Geely, Daimler, DB Schenker, Intel Capital, btov Partners, Team Europe, and Klocke Holding amongst others also joined the round.

Volocopter is building the world’s first sustainable and scalable urban air mobility business to bring affordable air taxi services to megacities worldwide. With the VoloCity, the company is developing the first fully electric “eVTOL” aircraft in certification to transport passengers safely and quietly within cities. Volocopter leads and cooperates with partners in infrastructure, operations, and air traffic management to build the ecosystem necessary to ‘Bring Urban Air Mobility to Life’. Volocopter is also developing products for the logistics and precision agriculture space with their VoloDrone.

The Raue team included Prof. Dr. Andreas Nelle (Picture), Dr. Michael Gläsner, Fabian Massenberg, Dr. Friedemann Eberspächer, Dr. Markus Plesser, Dr. Wolfram Hertel, Dr. Michael K. Bergmann, Dr. Arne Dittloff, Xenia Knoll and Andreas Mondel.

The Clifford Chance team included Dr. Thomas Krecek, Philipp Klöckner and Nico Feuerstein.

The K&L Gates team advising Continental AG included Dr. Thilo Winkeler, Kerstin Hanke, Robert Matlin and Dr. Thomas Nietsch, while the team advising Tokyo Century included Dr. Thomas Lappe, Dr. Patricia Prelinger, Ryan Dwyer and Boris Kläsener.

The inhouse at Continental AG was led by Silke Lohse and Matthias Wenk.

The Osborne Clarke team included Till-Manuel Saur and Philipp Niedermeyer.

The inhouse team at DB Schenker was led by Dr. Verena Gattineau.

The Taylor Wessing team included Dr. Peter Hellich, Dr. Daniel Schrembs, Johnny Zhao, Florian Ranft, Dr. Christian Frank and Dr. Julia Petersen.

The inhouse at Intel Capital was led by Ian Stoodley.

The Freshfields Bruckhaus Deringer team was led by Heiner Braun and Maximilian Hobuß.

The inhouse team at Geely was headed by Yimin Chen and  Yiwen Hu.

The Sidley Austin team included Dr. Marcus Klie, Thomas Komanek and Kristina Cyglakow.

The inhouse team at Micron Technology was led by Rob Beard.

The GSK Stockmann team included Dr. Katy Ritzmann and Lineor Koblenz.

Involved fees earner: Nico Feuerstein – Clifford Chance; Philipp Klöckner – Clifford Chance; Thomas Krecek – Clifford Chance; Heiner Braun – Freshfields Bruckhaus Deringer LLP; Maximilian Hobuss – Freshfields Bruckhaus Deringer LLP; Lieor Koblenz – Gsk Stockmann; Katy Ritzmann – Gsk Stockmann; Ryan Dwyer III – K&L Gates; Kerstin Hanke – K&L Gates; Boris Kläsener – K&L Gates; Thomas Lappe – K&L Gates; Robert Matlin – K&L Gates; Thomas Nietsch – K&L Gates; Patricia Prelinger – K&L Gates; Thilo Winkeler – K&L Gates; Philipp Niedermeyer – Osborne Clarke; Till-Manuel Saur – Osborne Clarke; Michael Bergmann – RAUE LLP; Arne Dittloff – RAUE LLP; Friedemann Eberspächer – RAUE LLP; Michael Gläsner – RAUE LLP; Wolfram Hertel – RAUE LLP; Xenia Knoll – RAUE LLP; Fabian Massenberg – RAUE LLP; Andreas Mondel – RAUE LLP; Andreas Nelle – RAUE LLP; Markus Plesser – RAUE LLP; Marcus Klie – Sidley Austin LLP; Thomas Komanek – Sidley Austin LLP; Christian Frank – Taylor Wessing; Peter Hellich – Taylor Wessing; Julia Petersen – Taylor Wessing; Michael-Florian Ranft – Taylor Wessing; Daniel Schrembs – Taylor Wessing; Johnny Zhao – Taylor Wessing;

Law Firms: Clifford Chance; Freshfields Bruckhaus Deringer LLP; Gsk Stockmann; K&L Gates; Osborne Clarke; RAUE LLP; Sidley Austin LLP; Taylor Wessing;

Clients: BlackRock; Continental; DB Schenker; Geely Automobile Holdings Limited; Intel Capital; Lukasz Gadowski; Micron Technology, Inc.; Tokyo Century Corporation; Volocopter GmbH;

Author: Federica Tiefenthaler