Volocopter and DB Schenker have jointly announced an investment by the global logistics service provider into the pioneer of Urban Air Mobility (UAM).
It sees Volocopter extend its Series C funding to a total of €87m.
Besides DB Schenker, Mitsui Sumitomo Insurance Group, TransLink Capital join the round as new investors, existing investor Lukasz Gadowski and btov also invested.
The funding will go towards the certification of the VoloCity, hiring more industry experts, and a second generation VoloDrone to ensure commercialization of the heavy-lift cargo drone product.
To date Volocopter has raised total funding of €122m.
Jochen Thewes, CEO of DB Schenker, said: “We are convinced that the Volocopter technology has the potential to bring transport logistics to the next dimension for our customers.”
Adding: “DB Schenker has already tested autonomous and electrical vehicles in several innovation projects and in actual operations. By integrating the VoloDrone into our supply chain of the future we will be able to serve our clients’ demand for fast, remote, emission-neutral deliveries. We are thrilled to now be part of this drive for innovation in a fantastic team.”