Volatus Infrastructure, VMIC Conceive Business Development Agreement for South Korea

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.”

For more infor­ma­tion

https://www.vmalternative.com/

(images: Vola­tus)