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) for up to $1 billion in financing to facilitate the sale and leasing of its eVTOL aircraft (VoloCity, VoloConnect, VoloDrone) post-certification.
This strategic financing is contingent on regulatory approval of Volocopter's aircraft and aims to scale its urban air mobility (UAM) business globally.
Despite canceling a SPAC IPO, Volocopter has secured significant provisional orders and plans to launch eVTOL air taxi services by the 2024 Paris Olympics.

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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.