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:

Diamond Aircraft's parent company, Zhejiang Wanfeng Auto Wheel Co., is acquiring the assets of the insolvent German eVTOL developer Volocopter for approximately €10 million.
Volocopter had made significant strides in certifying its VoloCity eVTOL with EASA but filed for insolvency in January after running out of cash.
The acquisition is expected to integrate Volocopter into Diamond, strengthening its portfolio in sustainable air mobility and continuing efforts towards eVTOL certification.

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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.