Flying Vehicle Vertiport Developer Tackles Insurance Issues

Skyrisks and Volatus plan to assess and measure the aspects of eVTOL insurability aspects

Chuck Martin, Editorial Director AI & IoT

October 19, 2023

2 Min Read
An image of a Volatus Infrastructure takeoff and landing facility for flying cars.
Volatus Infrastructure

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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About the Author(s)

Chuck Martin

Editorial Director AI & IoT

Chuck Martin, author of "Flying Vehicles," New York Times Business Bestselling author and futurist, is Editorial Director at Informa Tech, home of AI Business, IoT World Today and Enter Quantum. Martin has been a leader in emerging digital technologies for more than two decades. He is considered one of the foremost emerging technology experts in the world and his latest book title "Flying Vehicles" (The Emergence of Personal Air Travel, Flying Cars, and Air Taxis) followed "Digital Transformation 3.0" (The New Business-to-Consumer Connections of The Internet of Things).  He hosts a worldwide podcast titled “The Voices of the Internet of Things with Chuck Martin,” where he converses with top executives from the companies driving the adoption of emerging technology.

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