DB Schenker, Mitsui Sumitomo Insurance and MS&AD Ventures have helped the airborne taxi developer extend its series C round, which already included Geely Holding Group.

Germany-based airborne vehicle developer Volocopter confirmed today it has expanded its series C round to €87m ($94m), raising new funding from investors including rail operator Deutsche Bahn’s DB Schenker subsidiary.

DB Schenker invested $21.7m according to Deutsche Startups, and was joined by Mitsui Sumitomo Insurance and MS&AD Ventures, both subsidiaries of insurance group MS&AD, as well as TransLink Capital Partners, which is backed by insurer Sompo Japan and airline operator Japan Airlines.

Venture capital firm Btov Partners and private investor…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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