Sumitomo Corporation has invested in Volocopter’s Series E Funding round, and will also become a key strategic partner for entry into service in the Japanese market starting in 2025.
In addition, the Japan Civil Aviation Bureau (JCAB) has accepted Volocopter’s application for concurrent type certification (TC) of the Volocity aircraft in Japan.
To celebrate the milestones, Volocopter will showcase a full-scale VoloCity static model for the first time at the Grand Front Osaka from 8th to 12th March, to raise regional public awareness and acceptance of electric air taxis.
Volocopter is aiming to fly its VoloCity air taxi at the 2025 Expo in Osaka, Kansai, and a major regulatory milstone was achieved to make that goal a reality, after the European Union Aviation Safety Authority (EASA) and JCAB accepted Volocopter’s application process for concurrent TC of the fully electric VoloCity aircraft to fly commercially in Japan.
Volocopter is currently pushing the envelope on flight testing and is on target to achieve certification for the VoloCity from EASA in 2024. As of now, the company is pursuing concurrent validation with three non-European civil aviation authorities, JCAB in Japan, the Federal Aviation Administration (FAA) in the United States, and the Civil Aviation Authority of Singapore (CAAS) in Singapore.
The company’s dedication to Japan dates back to 2018, when the country became one of the first to announce its commitment to bringing Urban Air Mobility (UAM) to life. This includes a clear roadmap outlining the steps it needs to take to educate the public, introduce regulations, and launch commercial services. As the frontrunner for a Japan-based UAM launch, Volocopter believes it has both the experience and expertise to work with local authorities to create a UAM ecosystem that establishes a safe and sustainable environment for UAM.
To further strengthen Volocopter’s local ties from a business perspective, Sumitomo became the latest Japanese investor and strategic partner in the company to join its list of partners, via the Series E funding round. According to Volocopter, the move diversifies its global partnerships to establish a UAM ecosystem.
Christian Bauer, Volocopter’s Chief Commercial Officer, said: “Committing to fly and enter a market is no small feat, but for Volocopter and Japan, who are both pioneers in the UAM space, it just makes sense. Over the past few years, Volocopter has made significant progress toward becoming an integral part of the team that will bring UAM to life in Japan in 2025, thanks to partners like Sumitomo, EASA, and JCAB who share our vision. I cannot wait to see the public reaction to the VoloCity air taxi being unveiled in Osaka for the first time.”
Patrick Ky, Executive Director of EASA, commented: “This is an important milestone in the development of relations between Japan and Europe in the field of new aviation technologies. EASA is proud partnering with Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) and support the development of the UAM industry in Japan and share with JCAB its experience with its SC-VTOL regulations in the certification process of VoloCity.”