Volocopter

Volocopter

An aerospace company that designs electric air taxis. It was founded in 2011 and is located in Bruchsal, Germany.

Volocopter is a Germany-based air transportation company that specializes in building electronic vertical take-off and landing (eVTOL) vehicles that resemble helicopters. It is building an autonomous air taxi that is meant to be used in urban areas.

Product

The company has three products: the VoloCity, the VoloPort and the VoloDrone.

The VoloCity is the company's eVTOL and has been developed according to the requirements of the European Aviation Safety Agency. It is powered by electricity through nine rechargeable lithium-ion batteries and has 18 rotors enabling it to take flight. Each rotor is powered by an individual Brushless DC electric motor (BLDC), meaning the VoloCity has 18 motors total. It is controlled by software assistance systems as well as a pilot. Two passengers can ride in the VoloCity, including hand baggage. The maximum take-off mass for the VoloCity is 900 kg with an operating weight at empty of 700 kg. The VoloCity's range is 35 km with a maximum airspeed of 110 km/h. The range and maximum airspeed are calculated approximations which have not been tested in flight.

The VoloPort is where the vehicle can take-off and land. It has a waiting area for customers, who can book a ride via the company's mobile application. Other services that can take place at the port include battery swaps and charging, maintenance, and safety and security. As of 2019, the company plans to debut the VoloCity and VoloPort in Singapore.

The VoloDrone shares a lot of features with the existing VoloCity platform. The unmanned, fully-electric drone is envisioned as a utility drone, capable of 200 kg payloads with a 40 km range. The applications for such a drone include agriculture, logistics and delivery, heavy lifting for infrastructure and disaster relief or humanitarian aid.

Revenue

Volocopter, as of January 2020, is not generating revenue. Instead they rely on funding for their development. Once they are selling products, Volocopter will generate revenue through the manufacture of their VoloCity's, the sale of VoloCity's to individuuals, running the air taxi service, building VoloPorts, maintaining both VoloCity's and VoloPorts, and the sale of VoloDrones.

Volocopter's corporate partners include Intel's Ascending Technologies, Daimler AG, DG Flugzeugbau, and John Deere

Timeline

February 21, 2020

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

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.

September 2019

Volocopter raises a $55,000,000 series C round from Zhejiang Geely Holding Group.

2011

Volocopter was founded by Alexander Zosel and Stephan Wolf.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
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People

Name
Role
LinkedIn

Alexander Zosel

Co-Founder

Fabien Nestmann

Employee

Florian Reuter

CEO

Helena Treeck

Employee

Jan-Hendrik Boelens

CTO

Rene Griemens

Employee

Rene Griemens

CFO

Stephan Wolf

Co-Founder

Tania Dey

Employee

Further reading

Title
Author
Link
Type
Date

Design Specification, August 2019

Volocopter

Web

August 2019

Volocopter CTO: First air taxi route to open in the next 2 - 5 years

Manfred Hader

Web

August 29, 2019

Volocopter has created an autonomous flying taxi you can hail with your smartphone

Brittany Chang

Web

September 18, 2019

Documentaries, videos and podcasts

Title
Date
Link

Volocopter flies for the first time in a European city

September 18, 2019

Volocopter's flying taxi takes off at CES

January 8, 2018

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Darrell Etherington
February 21, 2020
TechCrunch
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 [...]
Darrell Etherington
February 18, 2020
TechCrunch
Air mobility startup Volocopter will be working together with on-demand transportation, food delivery and payments company Grab on a feasibility study around air mobility in Southeast Asia. The joint study is part of a Memorandum of Understanding (MOU) signed by the two companies that covers exploration of the potential deployment of air taxi services in [...]
Darrell Etherington
December 9, 2019
TechCrunch
Electric vertical takeoff and landing (eVTOL) aircraft maker Volocotper has received a Design Organization Approval (DOA) from the European Union Aviation Safety Agency (EASA). This is basically a recognition by the EU that the processes Volocopter has in place in developing and building its aircraft are of a high enough standard that it can expedite [...]
Darrell Etherington
November 7, 2019
TechCrunch
Autonomous drone-based transportation startup Volocopter has revealed its first partner for its new VoloDrone industrial and commercial electric vertical take-off and landing craft: John Deere . The agricultural and industrial heavy equipment company is working with Volocopter on a VoloDrone-based aerial crop-dusting system. VoloDrone, which Voloctoper unveiled at the end of last month, has 18 [...]
Darrell Etherington
October 30, 2019
TechCrunch
Urban air mobility company Volocopter has focused its efforts to date on getting its passenger electric drone business off the ground - literally, in fact. But now, the German startup has unveiled a new electric vertical take-off and landing craft (eVTOL), which is designed specifically to move large payloads of goods around, without a pilot [...]
John Geddie
September 30, 2019
U.S.
German startup Volocopter said Singapore is emerging as one of the most likely destinations for the commercial launch of its electric helicopters, where it hopes to offer short-hop flights for the price of a limousine ride.
Brittany Chang
September 18, 2019
Business Insider
Volocopter is backed by Daimler and Geely. It made its official urban flight debut at the Mercedes-Benz Museum in Stuttgart, Germany, on September 14.
Ingrid Lunden
September 9, 2019
TechCrunch
The promise of flying cars has become an idea more synonymous with the tech world's shortcomings than its exciting potential, but today one of the startups that has been focused on actually trying to make small, airborne vehicles a reality is announcing a fundraise and says it's on track for a commercial launch in two to [...]

References

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