Volocopter, a German urban air mobility (UAM) group, has secured Production Organisation Approval (POA) in compliance with the European Union Aviation Safety Agency (EASA Part 21G). The company is acquiring its long-standing, partner in innovation and production, DG Flugzeugbau, a global leader in composite aircraft production.
Through this acquisition, Volocopter is now the first and only electric vertical take-off and landing (eVTOL) company holding both the required design and production organisation to advance its aircraft toward commercial launch, giving it a competitive edge in the race to bring UAM to commercial reality.
As part of this acquisition agreement, Volocopter will also integrate DG Flugzeugbau’s aircraft production segment. Its entire team of highly specialised manufacturing experts will join Volocopter’s production and workshop teams
Florian Reuter, CEO of Volocopter, says: “Our ten-year partnership with DG Flugzeugbau has been an extraordinary learning experience. Having this legendary industry leader on our side to kick-start scalable and affordable UAM for people and cargo has been a game changer. Today marks an exciting milestone as we unify DG Flugzeugbau’s leadership in aviation production with Volocopter’s pioneering UAM goals to establish yet another crucial stepping-stone for our collective global endeavors.”
Holger Back, CEO of DG Aviation, adds: “At DG Flugzeugbau, we have always continued to strive for perfection through unique innovation with gliders, vast aerodynamic improvements, and, for the past ten years, with Volocopter’s eVTOLs. We see the future in these aircraft and are excited to combine a section of our company with Volocopter to invest in the future of sustainable aviation while continuing our tradition of building gliders and maintaining aircraft.” Founded in 2011 by Stephan Wolf and Alexander Zosel, Volocopter has 400 employees in offices in Bruchsal, Munich, and Singapore. The company has raised a total of €322 million in equity.
Volocopter‘s investors include Daimler, Geely, DB Schenker, BlackRock, and Intel Capital amongst others.
Keyword: Germany’s Volocopter Acquires Partner DG Flugzeugbau’s Manufacturing Operations