Raue advises Volocopter on Series E financing of Euro 135m.
Berlin — Raue has comprehensively advised German air cab company Volocopter on a Series E financing round worth €153 million. Volocopter plans to use the new capital to accelerate certification of the electric passenger air cab and its launch in initial cities.
The first signing of the Series E financing round was led by new South Korean investor WP Investment. In addition, Honeywell also participated for the first time. Many existing investors, including Atlantia, Whysol and btov Partners, also re-invested in this financing round. Even before the latest round of financing, the company had surpassed the magic unicorn mark for startups with a valuation of around EUR 1.5 billion.
Raue advised Volocopter, as in the previous financing rounds, in a lead role and comprehensively on the Series E financing, in particular on the corporate, aviation, foreign trade and regulatory aspects of the project.
Volocopter brings Urban Air Mobility (UAM) to the world’s megacities and aims to improve the quality of life for people in cities with a whole new kind of mobility. To this end, Volocopter is working with partners to develop a sustainable and scalable UAM ecosystem, including infrastructure and operations. Volocopter’s family of air vehicles offers passengers (VoloCity and VoloConnect) and goods (VoloDrone) fast, safe and emission-free flights directly to their destination.
Advisor Volocopter GmbH, Essen/Bruchsal: Raue, Berlin
Prof. Dr. Andreas Nelle (Partner, Lead, Corporate/M&A, PE/VC), Dr. Michael Gläsner (Counsel, Corporate/M&A, PE/VC), Fabian Massenberg (Senior Associate, Corporate/ M&A, PE/VC), Dr. Michael Bergmann (Partner, Foreign Trade Law, Antitrust Law), Dr. Peter Roegele (Counsel, for Financial Market Regulation / Investment Law), Dr. Johannes Modest (Associate, Foreign Trade Law, Antitrust Law).
Raue is an internationally active law firm based in Berlin. She provides comprehensive advice to national and international companies and public entities on investment projects, transactions, regulatory issues and contentious disputes. www.raue.com.