There are more solutions than obstacles, Nicolas Zart
The German electric vertical take-off and landing (eVTOL) industry is facing challenges, with two advanced air mobility (AAM) pioneering startups, Volocopter and Lilium, considering exiting the country due to insufficient government support. According to reports, both companies feel let down by the German government.
Lack of Government Support
Lilium’s CEO, Klaus Roewe, highlights the disparity between the roughly 2% government support and the fact that only 20% of their employees are German. This comes at a time when their US and Chinese competitors are receiving hundreds of millions in backing from their respective governments. The Bavarian state has guaranteed up to 100 million euros in late 2023, but it may be too little too late.
Exploring Alternative Options
Volocopter’s CEO, Dirk Hoke, warns of potential insolvency and hints at a possible sell-off to foreign investors. Meanwhile, Lilium is considering opening a manufacturing plant in France, seeking more favorable conditions and support. This could result in a brain drain and loss of innovative startups from Germany if they choose to relocate.
Global eVTOL Race Heats Up
The race to dominate the eVTOL industry is intensifying, with companies around the world vying for a piece of the pie. The support from governments and investors plays a crucial role in this race. While German startups struggle, their US and Chinese counterparts are gaining momentum with significant financial backing.
As reported by Nicolas Zart, a renowned electric aviation expert, the eVTOL industry is attracting substantial investments globally. Countries like the US, China, and even France are recognizing the potential of this innovative mode of transportation and are backing their local startups. Zart highlights the importance of government support and the potential impact on the industry’s future. [Link to Nicolas Zart’s article/source]
A Case of Protectionism or a Struggling Industry Taking Off?
The situation in Germany sheds light on the larger debate around protectionism and the need for governments to foster innovation. By providing adequate support, countries can not only boost their local economies but also position themselves at the forefront of this transformative technology.
As the future of urban air mobility hangs in the balance, German eVTOL startups are left with difficult choices. Will they persist and hope for a change in government support, or will they seek greener pastures elsewhere? Only time will tell, but one thing is certain: the eVTOL industry is here to stay, and the race to the skies is on.
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