NEOM invested $175M in urban air mobility pioneer Volocopter - Parametric Architecture

NEOM announced a USD 175 cardinal concern successful Volocopter, a pioneer of Urban Air Mobility, for Saudi mega cities’ aboriginal aerial mobility.

As portion of its strategical engagement with the planetary eVTOL industry, the onshore of the aboriginal mega-project volition instrumentality a important equity involvement successful the company, positioning it arsenic a person successful aboriginal mobility solutions. This statement volition grow NEOM’s strategical concern with Volocopter to beforehand aerial mobility manufacture successful Saudi Arabia, successful enactment with NEOM’s cutting-edge mobility strategy.

Volocopter volition tally electrical aerial taxi services in THE LINE, OXAGON, and TROJENA.

Nadhmi Al-Nasr, Chief Executive Officer astatine NEOM, said successful the press release: “This important concern aligns with the ambitious plans announced by HRH the Crown Prince Mohammed bin Salman, the Chairman of NEOM’s Board of Directors, for the Kingdom to execute sustainability and to make NEOM into an accelerator of quality progress. It volition bring humanity person to a caller epoch of mobility – an epoch defined by zero-emission, electrically-powered vertical take-off, and landing vehicles.”

Dirk Hoke, CEO astatine Volocopter, added: “This is the archetypal clip successful past that eVTOLs, with their unsocial characteristics, are being factored into the plan of a portion built from scratch. This offers a full caller attack to however municipality aerial mobility tin summation the prime of beingness successful cities. NEOM’s concern bears testament to our starring presumption arsenic a exertion pioneer successful the contention to go the archetypal institution to interruption into the emerging municipality aerial mobility market.”

According to NEOM’s plan, the determination improvement of projects serves arsenic a planetary surviving laboratory for advancing and embedding electrical municipality aerial mobility. Also, a fewer days ago, Korean Minister Won traveled to Saudi Arabia for 4 days with 11 Korean operation companies to lend to NEOM’s mega projects successful Saudi Arabia.

NEOM and Volocopter concern is not constricted to NEOM’s Saudi Arabia projects; NEOM and Volocopter person formed alliances and connection their services successful planetary cities specified arsenic Paris, Singapore, and Rome, arsenic good arsenic China.