Diamond Aircraft Owner to Acquire Electric Air Taxi Firm Volocopter

Per a stock exchange announcement, the transaction is valued at 10 million euros pending the signature of Volocopter attorney Tobias Wahl.

Jack Daleo

Monday, March 17, 2025 at 04:54 PM ET

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Jack Daleo

Diamond parent company Wanfeng signs an asset purchase agreement to acquire the assets of Volocopter, including its electric vertical takeoff and landing (eVTOL) VoloCity air taxi. [Courtesy: Volocopter]

Key Takeaways:

Zhejiang Wanfeng Auto Wheel Co., parent company of Diamond Aircraft, is acquiring the assets of the insolvent German eVTOL developer Volocopter for approximately €10 million.
Volocopter will integrate into Diamond Aircraft, with plans to continue the development and certification efforts for its VoloCity eVTOL despite its recent insolvency and workforce layoffs.
The acquisition is positioned to strengthen Diamond's portfolio in sustainable air mobility, leveraging Volocopter's existing intellectual property and certification progress to boost European aviation innovation.

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The parent company of GA manufacturer Diamond Aircraft is closing in on a deal to acquire a German developer of electric vertical takeoff and landing (eVTOL) air taxis.

According to a stock exchange announcement by Zhejiang Wanfeng Auto Wheel Co. (Wanfeng), which has owned Diamond since 2017, the Chinese parts manufacturer is nearing a 10 million euro (about $10.9 million) agreement to acquire the assets of Volocopter, which in January filed for insolvency after running out of cash.