LONDON – Volocopter, the UAM, and Aviation Capital Group (ACG) have entered into an agreement in principle to develop financing solutions assisting the sale of Volocopter’s electrical helicopter family for up to USD 1 billion.
Deliveries of this electric vertical take-off and landing (eVTOL) aircraft are expected as soon as the aircraft has been certified by the respective civil aviation authorities.
These include EASA from Europe and the FAA from the United States.
For customers of this new type of aircraft, this agreement gives the option to lease the aircraft through financing schemes.
ACG as a global aviation aircraft asset management company will therefore provide much flexibility and security transactions from the customer during the lease.
Tom Baker, CEO, and President of ACG said: “This transaction highlights ACG’s ongoing commitment to reducing the environmental impact of the aviation industry and to working towards a cleaner and more sustainable future.”
“The transaction builds on the existing partnership between Volocopter and ACG’s parent company, Tokyo Century, an early equity investor in Volocopter.”
Florian Reuter, CEO of Volocopter said: “This agreement will allow our business to hit the ground running after aircraft
certification. It signifies ACG’s and our investor Tokyo Century’s trust in Volocopter’s leadership in the UAM market. We are grateful for this partnership as this financing represents another cornerstone of the essential ecosystem for scaling UAM.”
Every Volocopter aircraft (VoloCity, VoloConnect, VoloDrone) will be covered by this agreement. The transaction remains subject to further dialog and implementation of a definitive agreement and customary closing conditions.