Volatus Infrastructure and VMIC Aviation have signed an agreement to create an Advanced Air Mobility (AAM) business development program for South Korea, where VMIC takes the lead, reports a press release. VMIC role is to help bring eVTOL infrastructure to the country to ensure it’s prepared to support the AAM industry.

Grant Fisk, Co-founder of Volatus Infrastructure, commented, “I believe our partnership with VMIC will help push the industry forward as bringing eVTOL infrastructure to this new market is critical.” Adding, “eVTOLs will be everywhere which means the infrastructure needs to be everywhere.”

The release states, “Founded in 2021, Volatus is connecting communities to the future with top class eVTOL infrastructure technology to ensure society is ready for the future.” And continues, “Volatus offers three main eVTOL infrastructure designs, a vehicle agnostic charging station, plus an app and maintenance programs. By tailoring to specific needs while incorporating the latest technologies, their work positively impacts clients and the communities they serve.”

Meanwhile, VMIC is an aviation startup based in Seoul, with expertise in infrastructure and transportation asset finance, leasing and management. During 2022, the company was selected by the Industrial Bank of Korea as one of the top 50 domestic startup companies for their Changong support program.

Colin Nam, CEO of VMIC, commented, “Working with Volatus Infrastructure to expand the vertiport business in South Korea is a significant first step in forming a foundation for the future UAM market here.”

He continued, “The UAM-related market in Korea is expected to proliferate with various Korean government support. The vertiport business will play a critical role in the market.”

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(images: Volatus)