Volocopter and Geely Joint Venture Orders 150 Volocopter Aircraft
September 22, 2021|

Chengdu, China / Bruchsal, Germany, 22 September 2021 – Volocopter, the pioneer of urban air mobility (UAM), and Aerofugia, a subsidiary of China's innovation-driven group, Geely Technology Group, announced the finalization of their joint venture (JV) company to introduce UAM in China. Operating under Volocopter (Chengdu) Technology Co., LTD (Volocopter Chengdu), the JV has signed an agreement to purchase 150 Volocopter aircraft. Geely Holding Group's CEO, Daniel Li Donghui, has joined Volocopter's Advisory Board.

The JV, headquartered in Chengdu, will work closely with the aviation, transportation, and government agencies in Chengdu and other parts of mainland China to bring urban air mobility to China within the next three to five years. Chengdu is the capital of Sichuan Province and a significant economic, cultural, and transportation hub in Western China. It is also a key manufacturing base for Geely – one of many great synergies the JV will profit from on top of Geely’s production capability and industrial distribution expertise.

At the opening ceremony, Volocopter also signed a Contract Manufacturing Agreement with Volocopter Chengdu and General Aviation Manufactory Base of Geely Technology to produce Volocopter's aircraft and parts in China. This production agreement will strategically satisfy the fast-growing demand for air taxi services after commercial launch in China.

UAM refers to a new mode of urban transportation that uses electric vertical take-off and landing (eVTOL) aircraft to move people or goods within lower urban and suburban airspaces. It helps relieve the strain on increasingly congested city roads and allows people and goods to reach their destinations faster and safely. As the first and only eVTOL company globally to obtain Design Organisation Approval from European Union Aviation Safety Agency in 2019 and subsequently secure Production Organisation Approval in 2021, Volocopter has been leading in the UAM industry, with its family of aircraft for passengers (VoloCity and VoloConnect), and goods (VoloDrone).

In April 2021, Geely and Volocopter confirmed that they would form a joint venture to introduce the new mode of transportation to China. Both companies will jointly participate in the Zhuhai Airshow at Hall 3 from 28 September to 3 October.

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About Geely Technology Group

Geely Technology Group is an innovation-driven group, focusing on R&D of technology and new business mode. After all these years, the group has built a diversified business portfolio, including New Material Technology, New Energy Technology, General Aviation, Commercial Aerospace, and Motorcycles.

Currently, the Group has invested in and operates 20 subsidiaries enterprises, holds over 3000 patents, and employs nearly 30,000 employees. The Group subsidiaries provide high-quality products and services around the world.

About Aerofugia

Established in September 2020, AEROFUGIA is a technology company engaged in UAVs, IoT platforms and innovative services. It is the practitioner of general aviation strategy of Geely Technology Group as well as a provider of environmentally-friendly crossover integrated solution for new application of general aviation.

AEROFUGIA aims to make the world convenient and fast and make information accessible to entities with technologies. It will make efforts to pursue continuous innovation and form a new intelligence platform for multiple sectors, including geographic information, security inspection, air travel, logistics and distribution, consumer life and special applications.

Headquartered in Chengdu and having branches in Shanghai, Wuhan and abroad, AEROFUGIA can provide complete and modern R&D, testing, production, training and services with its talented R&D and operation team of more than 400 specialists, strong research capacity, extensive industry experience, lean production process and complete service system.

About Volocopter

Volocopter is building the world’s first sustainable and scalable urban air mobility business to bring affordable air taxi services to megacities worldwide. With the VoloCity, the company is developing the first fully electric “eVTOL” aircraft in certification to transport passengers safely and quietly within cities. Volocopter leads and cooperates with partners in infrastructure, operations, and air traffic management to build the ecosystem necessary to ‘Bring Urban Air Mobility to Life’.

In 2011, Volocopter performed the first-ever crewed flight of a purely electric multicopter and has since showcased numerous public flights with its full-scale aircraft. The most notable have been the public test flights at Singapore’s Marina Bay in October 2019 and the world’s first autonomous eVTOL flight in Dubai 2017. Volocopter is also developing products for the logistics space with their heavy-lift 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 in equity. Volocopter's investors include Daimler, Geely, DB Schenker, BlackRock, and Intel Capital amongst others.

Find out more at: www.volocopter.com