Heuking advises SITA on its investment in and collaboration with the urban air mobility provider Volocopter
March, 2023 - Germany
SITA, the world's leading specialist in air transport communications and information technology, participated as new investor in Volocopter’s Series E Financing Round and becomes Volocopter’s preferred digital and IT systems partner for Vertiports. A team lead by Dusseldorf based Heuking Partner Dr. Martin Imhof legally advised SITA on its successful investment and the conclusion of a strategic partnership agreement with Volocopter.
Volocopter is a pioneer in urban air mobility (UAM). It develops electric, vertical take-off passenger air taxis (eVTOL) and cargo drones that are designed to fly autonomously. Volocopter brings UAM to the megacities worldwide offering sustainable and scalable UAM ecosystems with partners in infrastructure and operations to provide a new mode of transportation. Founded in 2011, Volocopter GmbH is headquartered in Bruchsal, Germany and employs more than 500 people in Germany and Singapore. The company has diverse investors, including Geely, NEOM, Mercedes-Benz Group, Intel Capital, Honeywell and BlackRock.
In 2022, Volocopter launched a new Series E Financing Round to boost the worldwide certification process with EASA, FAA and other aviation agencies and the launch of commercial air taxi services in cities like Singapore, Osaka, Rome and Paris.
SITA is the IT provider for the air transport industry, delivering solutions for airlines, airports, aircraft, governments and international organizations. The group designs, builds, and supports technology solutions all with one vision to create easy air travel every step of the way. As an organization, SITA Group covers 95% of all international air travel destinations and works with over 2,800 air transport and government customers in every corner of the globe. SITA employs more than 4.500 employees and is active in 126 countries worldwide.
Counsel to SITA
Heuking Kühn Lüer Wojtek:
Dr. Martin Imhof (Lead, Corporate/M&A),
Slaven Kovacevic (Co-Lead, VC/PE),
Sebastian Pollmeier (Corporate/Commercial),
Dr. Christiane Viktoria Krumme (Corporate/M&A),
Astrid Luedtke (IT/IP),
Beatrice Stange, LL.M. (Antitrust/Unfair Competition), all based in Dusseldorf
