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Tag: Volocopter SPAC

Flying Taxi Platform Volocopter eyes fresh capital, SPAC an option
Automobile

Flying Taxi Platform Volocopter eyes fresh capital, SPAC an option

BERLIN, 3/22/2021: German air taxi startup Volocopter plans to raise fresh funds from investors, its Chief Executive Florian Reuter said on Thursday, adding that a deal to go public via a special purpose acquisition company was one option. Volocopter this month tapped investors led by U.S. asset manager Blackrock for 200 million euros ($239 million) in backing as it seeks certification for its battery-powered flying taxi. "We expect to need more money in the future," Reuter said in an interview. "You can expect us to continue raising money going forward." Aims to bring its VoloCity air taxi into commercial service in the next two years, in a race with startups including U.S. rival Joby which plans to go public via a $6.6 billion SPAC deal. Joby, which has partnered with Toyota...