NEOM and Volocopter establish joint venture

NEOM and Volocopter establish joint venture

NEOM, Saudi Arabia/PRNewswire/ -- NEOM, the smart and sustainable regional development in northwest Saudi Arabia and Volocopter, the pioneer of urban air mobility, have established a joint venture (JV) company to design, implement, and operate the world's first bespoke public vertical mobility system in NEOM. 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 placed a confirmed order of 15 Volocopter aircraft to commence initial flight operations within the next 2-3 years. Nadhmi Al-Nasr, Chief Executive Officer at NEOM, said: "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