With the completion of its highly successful financing round raising 1,200,000 euros, e-volo has now established a financial basis to market the VC200.
To do so, e-volo took the innovative path of crowdfunding on the online marketplace www.seedmatch.de.
Managing director Alexander Zosel: “Through this new financing possibility, 750 investors contributed between 250 and 10,000 euros. We would like to thank all investors for your trust and financial commitments!”
In the first step, 500,000 euros were raised through investors on the Internet at a European record time of only 2 hours and 35 minutes. The final result, a total of 1,200,000 euros in just 3 days, 9 hours, and 52 minutes, is an overwhelming success for e-volo. Never before has so much money been raised through crowdfunding in so little time in Germany.
“The raised money will now serve to optimize the 1st prototype of the VC200 and, as part of the testing scheme, conclude a comprehensive test flight program for this new aviation category. After that, we will build a weight-optimized prototype of the VC200 near series production conditions and finalize type-certification and mold construction for series production.
Thus, all conditions for market entry are met.