HomeInternational NewsNEOM invests $175m in urban air mobility provider Volocopter

NEOM invests $175m in urban air mobility provider Volocopter

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NEOM has announced a $175m Series E investment in Volocopter, a leader in urban air mobility.

The investment builds on the NEOM-Volocopter joint venture (JV) launched in December 2021. The JV will operate electric air taxi services in NEOM to connect various regions including The Line, Oxagon and Trojena.

Electric air taxis are a significant factor of NEOM’s mission to implement a truly sustainable and seamlessly connected multi-modal mobility system powered by 100 per cent renewable energy.

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