Transaction Summary

  • On 9 September 2019, Volocopter (, the Urban Air Mobility (UAM) pioneer, signed the €50 million first closing of its Series C, led by Zhejiang Geely Holding Group Co. (Geely) and followed by new and existing investors from Europe, America, and Asia
    • The new funds will be used towards bringing the VoloCity aircraft to commercial launch within the next three years
    • Geely and Volocopter enter a joint venture to bring UAM to China
  • With the first closing of the Series C, Volocopter has raised a lifetime total of €85 million; earlier investors include Daimler and Intel
  • In December 2019, the company successfully closed their Series C funding round

Overview of Volocopter

  • Founded in 2011, Volocopter builds electrical air taxis that take off and land vertically (eVTOLs)
  • In 2011 Volocopter performed the first-ever manned flight of a purely electrical multicopter and has since showcased numerous public flights with its full-scale, two-seat aircraft
  • The company will establish UAM in megacities globally with the aim to offer affordable on-demand air taxi services
  • Volocopter cooperates with leading partners in infrastructure, operations, and air traffic management to build the ecosystem necessary to bring Urban Air Mobility to life
  • The company was founded by Stephan Wolf and Alexander Zosel, is managed by Florian Reuter (CEO), Jan-Hendrik Boelens (CTO) and Rene Griemens (CFO) and currently employs more than 150 people in offices in Bruchsal, Munich and Singapore

NOAH Advisors’ Role

  • NOAH Advisors acted as financial advisor to Volocopter, supporting the newly established finance team in developing a detailed operating and financial model, various company presentations and introducing selected investors
  • Volocopter has presented three times at NOAH Conferences in Berlin and London; the first time in 2017 – long before picking NOAH as financial advisor