NEOM and GLy Capital Management led a $182m Series E funding round in Volocopter.

NEOM and GLy Capital Management, a private equity investment firm, led a $182m Series E funding round in Volocopter, a German aircraft manufacturer. “Raising over $180m despite the generally tense economic climate highlights Volocopter’s robust technology strategy and its ongoing progress toward achieving market readiness. We appreciate the remarkable spirit of collaboration and the trust that our existing and new shareholders have placed in us as we forge ahead on our journey to bring the urban air mobility ecosystem to life," Christian Bauer, Volocopter CCO.