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Volocopter and NEOM, the sustainable regional development in northwest Saudi Arabia, have established a joint venture (JV) company to design, implement, and operate the world’s first public vertical mobility system. 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 also placed a confirmed order of 15 Volocopter aircraft to commence initial flight operations within the next 2-3 years.

NEOM is implementing a sustainable and seamlessly connected mobility system powered by 100% renewable energy, deploying zero-emission vehicles across all urban and regional mobility modes

Christian Bauer, Chief Commercial Officer at Volocopter, says: “The partnership with NEOM and the new JV we are creating together is going to be an exciting journey. It is a once in a lifetime opportunity to be an essential part of designing and operating a completely new UAM ecosystem from the ground up without the constraint of legacy infrastructure or regulation, and as pioneers in the industry, Volocopter is honored to be the trusted partner to contribute to NEOM’s ambitious vision.”

Nadhmi Al-Nasr, Chief Executive Officer at NEOM, adds: “In designing cities and urban infrastructure for the 21st century, mobility is at the center of the equation. Through this joint venture with Volocopter, we are demonstrating to the world that NEOM is the ideal region to implement urban air mobility rapidly and create a fully integrated vertical mobility ecosystem. NEOM is on a mission to become a global living lab for future mobility, and we are very excited to see what the future holds as we grow.”

Volocopter South Korea

Founded in 2011, Volocopter 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

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