Volocopter Partners with ACG to Provide $1 Billion in Financing Solutions

Michael Wildes

Thursday, February 10, 2022 at 03:17 PM ET

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Volocopter showcased its VoloCity air taxi in November at CoMotion LA. [Courtesy: Volocopter]

Key Takeaways:

Volocopter has partnered with Aviation Capital Group (ACG) to develop financing options for its family of electric vertical takeoff and landing (eVTOL) aircraft.
The deal provides up to $1 billion in support for sales and leasing of Volocopter's aircraft (VoloCity, VoloConnect, VoloDrone), contingent on their certification.
This partnership is crucial for Volocopter's post-certification business strategy and scaling the urban air mobility (UAM) market, following the company's prior decision to cancel its SPAC IPO.

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Volocopter is partnering with Aviation Capital Group (ACG) to develop financing options intended to allow the electric vertical takeoff and landing (eVTOL) startup to sell its aircraft after certification.

The deal will cover the Germany-based company’s family of aircraft with up to $1 billion in support. Aircraft include the VoloCity and VoloConnect, designed for passengers, and the VoloDrone, for cargo.