Massive congratulations to our portfolio company Volocopter GmbH on their oversubscribed EUR 200m Series D round led by BlackRock. The round was followed by all existing investors, including us and our friends Stefan Klocke, Team Europe Management GmbH, Intel Capital, Avala Capital and Daimler AG among others. btov was the third-largest backer in this round through our btov Private Investor Network and our Helvetia Venture Fund as we couldn’t be happier with the company’s progress.
Volocopter will use the funds to solidify their 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.
Congratulations to Florian Reuter, Rene Griemens, Arnaud Coville, Christian Bauer, Alexander Oelling. This massive round is not only an achievement in itself, but a manifestation of the outstanding progress that has been made over the past few years.