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) to secure up to $1 billion in financing options for selling and leasing its eVTOL aircraft (VoloCity, VoloConnect, and VoloDrone).
The financing is contingent on Volocopter's aircraft receiving certification from civil aviation authorities, a critical step for scaling urban air mobility (UAM) and enabling immediate sales upon approval.
Despite recently canceling a SPAC IPO, Volocopter continues to secure significant investment and has garnered provisional orders totaling $1 billion, demonstrating ongoing business momentum.

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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.