https://techcrunch.com/2022/11/01/volocopter-raises-182m-to-bring-air-taxi-closer-to-certification/

Volocopter, a German startup building electric vertical takeoff and landing (eVTOL) vehicles, has secured $182 million for the second signing of its Series E round. That’s on top of the $170 million Volocopter raised for the same round in March at a $1.87 billion post-money valuation.

Volocopter is currently in full swing testing its two-seater VoloCity air taxi based on the requirements set by the European Union Aviation Safety Agency (EASA). The fresh funds will flow into the company’s testing regime to help bring it closer to Special Condition for small category VTOL aircraft certification, and by extension, commercialization. Volocopter hopes to certify its aircraft by the second half of 2023 and launch initial revenue-generating rides by 2024, the company said.