Flying Vehicle Vertiport Developer Tackles Insurance Issues

Volatus Infrastructure, which develops takeoff and landing facilities for flying cars, has signed a memorandum of understanding with Skyrisks to examine insurance costs and risks for vertiports.

Skyrisks, which provides advanced air mobility (AAM) insurance, and Volatus plan to assess and measure the aspects of eVTOL (electric vertical and takeoff landing) vehicles landing facility insurability aspects.

“Insurance is essential to launching AAM operations and we are pleased to partner with forward-thinking leaders like Skyrisks,” said Dan Sloat, Volatus Infrastructure CEO. “Science fiction flying cars have captured the imagination of billions of people and now that the technology is feasible, it’s time to solidify the real world, practical elements like comprehensive insurance policies that we need in place to turn this dream into reality.”

Volatus recently signed a memorandum of understanding with an Australian flying car maker to be its infrastructure partner.

That deal would help enable flying car maker Ace VTOL to expand its business in the growing market for eVTOL vehicles.

Ace, in Perth, Australia, recently received a $250 million order for its vehicles to be sold in American flying car showrooms. The order for Ace flying vehicles came from Aeroauto in West Palm Beach, Florida.

Related:Flying Car Company Signs Deal for Vertiport Development

Volatus also has an agreement with Tru Weather Solutions to work on vertiport placement,

design, and construction and the weather services needed for vertiport operations.

The Wisconsin-based startup recently started a series A funding round.

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