NEOM and Volocopter Establish Joint Venture for eVTOL Mobility System
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NEOM and Volocopter 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 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 five 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.
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 sustainable and connected mobility system powered by 100% renewable energy, deploying zero-emission vehicles across all urban and regional mobility modes. 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.
