Aviation Capital Group Offers $1 Billion To Support Volocopter eVTOL Leases

Volocopter recently started flight testing its two-seat VoloCity prototype and is also developing a larger VoloConnect model and the VoloDrone autonomous freighter.

Volocopter's VoloConnect eVTOL aircraft. — Volocopter's VoloConnect passenger-carrying eVTOL vehicle could be offered under leasing arrangements, backed by $1 billion in new financing from Aviation Capital Group. (Image: Volocopter)

By Charles Alcock • Managing Editor

February 10, 2022

Aviation Capital Group (ACG) has agreed to make up to $1 billion available to help finance Volocopter’s plans to produce eVTOL aircraft and lease them to customers. The agreement in principle, for which precise terms have yet to be finalized, could create a platform for operators to lease the VoloCity, VoloConnect, and VoloDrone models, which are expected to start entering service in 2024.

The German company is working on EASA and FAA type certification for the two-seat VoloCity, as well as the larger VoloConnect and the autonomous freight-carrying VoloDrone. In December, it started flight testing a full-scale prototype of the VoloCity, but it has not provided any details about the work now in progress.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

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