Volocopter and Geely joint venture orders 150 Volocopter aircraft
Bruchsal, Germany, September 22, 2021 – Volocopter, the pioneer of urban air mobility (UAM), and Aerofugia, a subsidiary of the Chinese innovation-driven group, Geely Technology Group, announced the completion of their joint venture (JV) to introduce UAM in China. Operating under Volocopter (Chengdu) Technology Co., LTD (Volocopter Chengdu), the JV signed an agreement for the purchase of 150 Volocopter aircraft. Geely Holding Group CEO Daniel Li Donghui has joined Volocopter’s advisory board.
The joint venture, headquartered in Chengdu, will work closely with aviation, transportation and government agencies in Chengdu and other parts of mainland China to bring urban air mobility to China over the past three to three. next five years. Chengdu is the capital of Sichuan Province and an important economic, cultural and transportation hub in western China. It is also a key manufacturing base for Geely – one of the many synergies the joint venture will benefit from in addition to Geely’s production capacity and industrial distribution expertise.
During the opening ceremony, Volocopter also signed a manufacturing contract with Volocopter Chengdu and General Aviation Manufactory Base of Geely Technology to produce the aircraft and parts of Volocopter in China.
This production agreement will strategically meet the growing demand for air taxi services following the commercial launch in China. “Geely has been a valuable partner since becoming our strategic investor in 2019. Today marks another milestone in our journey to bring affordable electric air mobility to China, the biggest single market opportunity for the industry. UAM ”, said Florian Reuter, CEO of Volocopter. “With the operational joint venture and Daniel Li Donghui as Geely’s new representative on our advisory board, we are in pole position to bring air taxi services to the world in a safe, sustainable and convenient way. ”
Jing Chao, President of Volocopter Chengdu, share the same feeling. He said, “With its establishment, Volocopter Chengdu can accelerate the deployment of air taxis and UAM activities. UAM is an important part of the new aviation industry, which coincides with Aerofgia’s technical itinerary and business plan of “new energy, vertical landing and take-off and autonomous driving”. As an investor for both Aerofugia and Volocopter, Geely looks forward to Volocopter Chengdu realizing urban air mobility in the near future. Ingrid Delfs, Consul of the Consulate General of Germany in Chengdu, Says: “China and Germany have many years of good relations – we are celebrating 50 years of establishing diplomatic relations next year – and now we are witnessing a deepening of Sino-German cooperation in various sectors.” , especially in new areas such as digitization, artificial intelligence and, in this case, urban air mobility. We are convinced that cooperation in the field of innovation will bring benefits to both countries.
UAM refers to a new mode of urban transportation that uses electric vertical take-off and landing (eVTOL) aircraft to move people or goods in urban and lower suburban airspace. It helps relieve the pressure on increasingly congested urban roads and allows people and goods to reach their destinations more quickly and safely. As the first and only eVTOL company in the world to obtain design organization approval from the European Union Aviation Safety Agency in 2019 and subsequently to obtain production organization approval in 2021, Volocopter is a leader in the UAM industry, with its family of passenger aircraft (VoloCity and VoloConnect), and cargo (VoloDrone).
In April 2021, Geely and Volocopter confirmed that they would form a joint venture to introduce the new mode of transportation to China. The two companies will jointly participate in the Zhuhai Airshow in Hall 3 from September 28 to October 3.
– ENDS – About Geely Technology Group
Geely Technology Group is an innovation driven group focused on technology R&D and new business modes. After all these years, the group has built a diverse business portfolio, including new materials technologies, new energy technologies, general aviation, commercial aerospace and motorcycles.
Currently, the Group has invested in and operates 20 subsidiary companies, holds more than 3,000 patents and employs nearly 30,000 people. The Group’s subsidiaries provide high quality products and services around the world.
Created in September 2020, AEROFUGIA is a technological company specializing in drones, IoT platforms and innovative services. He is the general aviation strategy practitioner of Geely Technology Group as well as an environmentally friendly integrated crossover solution provider for new general aviation applications. AEROFUGIA aims to make the world practical and fast and to make information accessible to entities equipped with technologies. It will strive to pursue continuous innovation and form a new intelligence platform for multiple sectors, including geographic information, security inspection, air transport, logistics and distribution, life of consumers and special applications.
Based in Chengdu and having branch offices in Shanghai, Wuhan and overseas, AEROFUGIA can provide comprehensive and modern R&D, testing, production, training and services through its talented R&D and operation team over of 400 specialists, strong research capacity, extensive industry experience, lean production process and comprehensive service system.
Volocopter is building the world’s first sustainable and scalable urban air mobility company to deliver affordable air taxi services to mega-cities around the world. With the VoloCity, the company is developing the first fully electric “eVTOL” aircraft certified to transport passengers safely and with complete peace of mind in cities. Volocopter leads and cooperates with partners in infrastructure, operations and air traffic management to create the ecosystem needed to “bring urban air mobility to life”.
In 2011, Volocopter performed the very first crewed flight of a purely electric multicopter and has since presented numerous public flights with its full-size aircraft. Most notable were the public test flights at Marina Bay in Singapore in October 2019 and the world’s first autonomous eVTOL flight in Dubai 2017. Volocopter is also developing products for the logistics space with its heavy cargo variant, the VoloDrone .
Founded in 2011 by Stephan Wolf and Alexander Zosel, Volocopter has 400 employees in offices in Bruchsal, Munich and Singapore. The company has raised a total of 322 million euros in equity. Volocopter’s investors include, among others, Daimler, Geely, DB Schenker, BlackRock and Intel Capital.
For more information: www.volocopter.com