Advanced Air Mobility News

Volocopter Expected To Generate SGD 4.18 billion by 2030

Volocopter Expected To Generate SGD 4.18 billion by 2030

In a roadmap released by Volocopter, the company expects to generate SGD 4.18 billion for the Singaporean economy by 2030. Aside from this, the document further details other benefits urban air mobility (UAM) will bring to the region such as the creation of up to 1,300 local jobs, enhanced regional connectivity, sustainable and quiet flights, a safer and reliable method of travel, and much more.

The document also touches upon other elements including potential routes, use cases, and operational considerations.

“We are excited to have progressed to the next step of our UAM journey in Singapore today, by presenting a roadmap that sets out further details on the business and operation plans leading up to our commercial launch in the next two years. This can only be achieved through our close collaboration we have been fostering for the last few years with the Singaporean authorities and other local partners,” Christian Bauer, Chief Commercial Officer of Volocopter, explains.

He further adds, “Basing our APAC headquarters in Singapore has enabled us to expand rapidly into other countries across the region. For example, we established a joint venture with Geely in China, joined the Osaka Roundtable in Japan, and conducted South Korea’s first crewed public air taxi test flights. We believe the launch of UAM in Singapore will truly enhance the Lion City’s position as one of the most innovative cities in the world.”

Volocopter has also recently partnered with ACG to help with electric vertical take-off and landing (eVTOL) aircraft sales, as well as established a joint venture with NEOM in Saudi Arabia to create a public vertical mobility system.

According to the roadmap, 72% of people surveyed by Volcopter expressed high interest in flying in its urban air taxi, the VoloCity, with piloted flights preferred over autonomous ones. The company aims to first launch tourist flights within Marina Bay and Sentosa, and then gradually expand to include cross-border routes to Malaysia and Indonesia. Therefore, Volocopter envisions four to six VoloPorts based in Singapore, with the areas considered being Marina South, Sentosa, and the Changi area.

The roadmap also states that UAMs will help facilitate the city-state to achieve the Singapore Green Plan 2030.