Volocopter Expects to Generate SGD 4.18 Billion for Singapore by 2030
by DRONELIFE Staff Writer Ian M. Crosby
Today, urban air mobility (UAM) pioneer Volocopter released its Singapore Roadmap, which revealed that the company expects to deliver SGD 4.18 billion in cumulative economic benefits to Singapore by 2030. According to the roadmap, this is only one of the many benefits that Volocopter’s UAM services will provide to Singapore. Also detailed are the 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,” said Volocopter CCO Christian Bauer. “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.”
“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,” Bauer continued. “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.”
The Singapore Roadmap reveals that Volocopter’s internal studies indicate that its UAM services can generate an estimated SGD 4.18 billion in cumulative economic benefits and create up to 1,300 local jobs by 2030, and that UAM will serve as an enabler to achieve the Singapore Green Plan 2030, serving as an engine for economic growth.
The document states that the initial launch will consist of tourist flights over Marina Bay and Sentosa, before expanding its network to include cross-border flights to Indonesia and Malaysia.
Volocopter plans to have four to six VoloPorts in Singapore by 2030, with Marina South, Sentosa, and Changi all areas in consideration. Additionally, Volocopter’s consumer study in Singapore found that 72% of those surveyed expressed high interest in flying in a VoloCity.
The first-ever electric vertical take-off and landing (eVTOL) company to conduct a crewed air taxi flight in a city, Volocopter conducted its flight over Singapore’s Marina Bay in 2019. In cooperation with stakeholders such as the Ministry of Transport, the Civil Aviation Authority of Singapore, and the Economic Development Board, Volocopter has pledged to launch UAM in Singapore as one of the first cities globally.
The only eVTOL developer with both a family of electrically powered aircraft including air taxis and heavy-lift drones for goods, Volocopter is the first and only eVTOL company in possession of both the required design and production organization approvals (DOA and POA) to advance its aircraft toward commercial launch.
Volocopter will be in attendance at the upcoming Singapore Airshow, running a booth at the German Pavilion (C-L69).
Read more about Volocopter:
- Urban Air Mobility in Korea: Volocopter Conducts First Crewed Public Air Taxi Flight
- Volocopters VoloDrone Takes Flight: Electic, Heavy-Lift Utility Aircraft
- Who Will Pilot the Passenger Drones of Tomorrow? Volocopter and CAE Partner to Train the Air Taxi Workforce
- Volocopter Funding: €200 Million in Series D
- What Exactly is a Volo-Port? Skyports and Volocopter Announce First Air Taxi Port Will Be Built by the End of 2019
Ian attended Dominican University of California, where he received a BA in English in 2019. With a lifelong passion for writing and storytelling and a keen interest in technology, he is now contributing to DroneLife as a staff writer.
Miriam McNabb is the Editor-in-Chief of DRONELIFE and CEO of JobForDrones, a professional drone services marketplace, and a fascinated observer of the emerging drone industry and the regulatory environment for drones. Miriam has penned over 3,000 articles focused on the commercial drone space and is an international speaker and recognized figure in the industry. Miriam has a degree from the University of Chicago and over 20 years of experience in high tech sales and marketing for new technologies.
For drone industry consulting or writing, Email Miriam.
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[…] Singapore over the course of the subsequent couple of years, Volocopter not too long ago launched a dedicated roadmap exhibiting that its UAM companies may generate an estimated SGD 4.18 billion in cumulative financial […]