NEOM, Kingdom of Saudi Arabia, 1 December 2021 – NEOM, the smart and sustainable regional development in northwest Saudi Arabia and Volocopter, the pioneer of urban air mobility, have established a joint venture (JV) company to design, implement, and operate the world’s first bespoke public vertical mobility system in NEOM. Air taxi and vertical logistics services will be fully integrated with the overall multi-modal and zero-emission public transit system in NEOM. The JV will be the sole operator of initial public transit routes across NEOM, while enabling an open eVTOL (electric Vertical Take-Off and Landing) ecosystem for vertical mobility services including logistics, emergency response, and tourism. NEOM has placed a confirmed order of 15 Volocopter aircraft to commence initial flight operations within the next 2-3 years.
The collaboration between NEOM and Volocopter will lead the design and development of a truly three-dimensional public transportation system, advancing the technical, regulatory, and infrastructure solutions for eVTOL operations across NEOM. The JV will offer vertical mobility services as an integral part of NEOM’s multi-modal and zero-emissions public mobility system, providing seamless connectivity for passengers and goods.
Volocopter and NEOM have agreed an initial order of 10 VoloCity passenger and 5 VoloDrone logistics aircraft to support early activation of flight operations. The JV will scale-up its activities from the beginning of 2022 to incubate urban air mobility (UAM) in the region and seed a vertical mobility ecosystem. The partnership delivers on NEOM’s mission to be a global living lab for future mobility and a center of excellence for eVTOL innovation and industry.
eVTOLs are an essential part of NEOM’s mobility mission, enabling transportation of people and goods without extensive surface infrastructure. Vertical mobility services will connect NEOM’s core urban development THE LINE, reimagined industrial city OXAGON and other regional destinations, avoiding intrusive road construction and thus protecting its unique natural environment.
NEOM is implementing the first truly sustainable and seamlessly connected mobility system powered by 100% renewable energy, deploying zero-emission vehicles across all urban and regional mobility modes. NEOM will shape the future of mobility by closely integrating smart infrastructure and advanced transit systems with active, shared, and autonomous mobility solutions to overcome the adverse legacy of the car-centric city. Working with a range of innovation partners, NEOM has initiated shared electric mobility services, autonomous shuttles, electric boats, personal eVTOLs, delivery drones, and solar-powered mobility hubs.
NEOM is an accelerator of human progress and a vision of what a New Future might look like. It is a region in northwest Saudi Arabia on the Red Sea being built from the ground up as a living laboratory – a place where entrepreneurship will chart the course for this New Future. It will be a destination and a home for people who dream big and want to be part of building a new model for exceptional livability, creating thriving businesses and reinventing environmental conservation.
NEOM will be the home and workplace to more than a million residents from around the world. It will include hyperconnected, cognitive towns and cities, ports and enterprise zones, research centers, sports and entertainment venues, and tourist destinations. As a hub for innovation, entrepreneurs, business leaders and companies will come to research, incubate, and commercialize new technologies and enterprises in groundbreaking ways. Residents of NEOM will embody an international ethos and embrace a culture of exploration, risk-taking and diversity – all supported by a progressive law compatible with international norms and conducive to economic growth.
Find out more about NEOM Mobility at: www.neom.com/en-us/sectors/mobility
Volocopter brings urban air mobility (UAM) to megacities worldwide. We aim to improve the quality of life for people in cities by offering a fantastic new mode of transportation. For that we create sustainable and scalable UAM-ecosystems with partners in infrastructure and operations.
Volocopter’s family of eVTOL aircraft will offer passengers (VoloCity and VoloConnect) and goods (VoloDrone) swift, secure, and emission-free connections to their destinations, supported by VoloIQ, the UAM ecosystem’s software platform that serves as its digital backbone for safe and efficient operations.
As a pioneer in the UAM industry, Volocopter will launch commercial services within the next few years. Founded in 2011, the company employs more than 500 people in Germany and Singapore, has completed over 1,000 successful public and private test flights, and raised €322 million in equity from investors, including Daimler, Geely, DB Schenker, BlackRock, and Intel Capital. www.volocopter.com