Honeywell participated in a round valuing Volocopter at nearly $1.9bn as it as it races to be the first eVTOL vehicle developer to market in Europe and Asia.

Germany-based electric vertical take-off and landing (eVTOL) vehicle developer Volocopter secured $170m today in a series E round featuring industrial and consumer technology producer Honeywell.

Diversified holding company WP Investment led the round, which was filled out by transport infrastructure-focused investment holding company Atlantia, Whysol Investments and Btov Partners at a post-money valuation of $1.87bn.

Founded in 2011, Volocopter is developing a series of aircraft designed for urban air mobility and claims to be the only eVTOL company to have…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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