Volocopter Raises USD 170 million in first signing of Series E financing round

Korean WP Investment leads funding round, followed by Atlantia and Honeywell, amongst others Pre-money valuation at USD 1.7 billion, total funds raised at USD 579 million Funding to be used for certification and commercial launch in first cities Joint venture term sheet signed with WP Investment for air taxi operations in South Korea Bruchsal, Germany, [...]