A joint venture between Volocopter and Aerofugia has ordered 150 Volocopter Aircraft.Courtesy: Volocopter
Key Takeaways:
Germany-based Volocopter has entered a joint venture agreement with Aerofugia to establish Volocopter Chengdu, aiming to tap into China, which it identifies as the largest single market opportunity for urban air mobility.
The deal includes purchasing 150 eVTOL aircraft and manufacturing additional aircraft and parts in China, with the goal of introducing urban air mobility services within three to five years.
This strategic move is a significant step in Volocopter's global efforts to launch electric air taxi services, following recent developments in the U.S. and plans for the 2024 Paris Olympic Games.
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.
