A joint venture between Volocopter and Aerofugia has ordered 150 Volocopter Aircraft.Courtesy: Volocopter
Key Takeaways:
Volocopter has formed a joint venture with Aerofugia in China, creating Volocopter Chengdu, to tap into what it identifies as the world's largest eVTOL market.
The agreement involves purchasing 150 eVTOL aircraft, local manufacturing of additional aircraft and parts, and aims to launch urban air mobility services in China within three to five years.
This strategic partnership marks a significant milestone for Volocopter's global expansion, positioning the company to introduce air taxi services worldwide.
Germany-based Volocopter has reached an important agreement aimed at tapping into what could be one of the world’s largest eVTOL markets: China.
On Wednesday, Volocopter announced a joint venture agreement with Aerofugia to buy 150 eVTOL aircraft and to manufacture additional aircraft and parts in China.
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Thom is a former senior editor for FLYING. Previously, his freelance reporting appeared in aviation industry magazines. Thom also spent three decades as a TV and digital journalist at CNN’s bureaus in Washington and Atlanta, eventually specializing in aviation. He has reported from air shows in Oshkosh, Farnborough and Paris. Follow Thom on Twitter @thompatterson.
