Vertaxi signs 200 aircraft purchase agreements at 8th CIIE

Strategic cooperation signing ceremony at the 8th CIIE. [Photo/WeChat ID: jinshanrongmei]

At the 8th China International Import Expo (CIIE) on Nov 6, Vertaxi announced two major purchase agreements. Bank of China Financial Leasing Co committed to acquiring 100 units of the M1 manned eVTOL, while Aerial Solutions agreed to purchase 100 units of the M1B cargo eVTOL.

Vertaxi booth at 8th CIIE. [Photo/WeChat ID: jinshanrongmei]

The Vertaxi booth displayed a newly upgraded M1 manned aircraft and a low-altitude takeoff and landing point at the National Exhibition and Convention Center (NECC) in Shanghai. Visitors experienced an immersive simulation of urban air mobility (UAM), from booking to boarding an air taxi.

In the simulation, participants could select routes to destinations such as Lujiazui, Shanghai Pudong International Airport, and Suzhou Jinji Lake. The flights are budget-friendly, with city routes beginning at 50 yuan ($7.03) and intercity routes costing between 100 and 300 yuan. A flight from the NECC to Yangcheng Lake is estimated to last only 15 minutes, with a ticket price of 109 yuan.

The new M1 aircraft of Vertaxi. [Photo/WeChat ID: jinshanrongmei]

The new M1 aircraft incorporates aviation-grade safety features and cutting-edge environmental sensors. Its spacious cabin, accommodating five passengers, provides improved comfort and safety. The aircraft is also equipped with intelligent systems for autonomous obstacle avoidance.

Vertaxi aims to make urban air mobility accessible to all, offering a high-safety, cost-effective, and sustainable solution for the future of urban transportation.