Orama Ventures LLC οn Thursday announced one of Europe’s first fully diversified, national Advanced Air Mobility network to be developed in Greece. The new network will revolutionize the connectivity landscape for both the local population and its tourism industry.
More specifically, a consortium of leading interests in the aviation, hospitality, construction and financial arenas have launched a collaborative alliance for the development of the required infrastructure to support the introduction of eVTOL (electric vertical take-off & landing) aircraft in Greece by 2026.
eVTOLs are electronically powered aircraft which take-off and land vertically so require no runway, carry up to six passengers with zero emissions, drastically reduced noise levels and at a similar passenger cost per mile of a regular taxi. eVTOL’s allow for fast, clean and cheap movement across congested city environments while also connecting distant regional destinations with a low cost and sustainable air bridge.
eVTOLs are serviced by landing and take-off terminals called Vertiports which are designed to be located in urban centres (in open spaces or on appropriate structural rooftops) as well as in regional destinations which include suburban, rural or island environments.
The Orama Nexus platform will initially be constructing Vertiports in key city and suburban areas of Athens and Thessaloniki and in over twenty other towns, island or regional locations with an additional hundred smaller Vertistops (passenger drop off and collection facilities) in locations all over Greece. The ON platform will be expanding from this initial base of connectivity to create an “ on demand” and scheduled service air bridge to every corner of Greece.
The ON platform will connect the main international air travel gates of entry, such as the Athens International airport, with the city centre and directly to an array of popular destinations around Greece, in many cases allowing tourists to be delivered directly to their chosen hotel destinations.
eVTOL aircraft currently estimate a workable range of 150 miles, while the ON platform is planning its Vertiport and Vertistops to allow for connection to locations well outside that range. Since the battery technology which creates this limitation is anticipated to improve range of the aircraft in the coming years, ON is pleased its initial platform will touch the lives of Greek residents wherever they may live.
The Orama Nexus will require the investment of over 500 million euros for its inceptual engagement by 2026 and foresees a total investment of well over 2 billion euros in its first ten years of operation and is projected to create over 3,000 jobs in this timeframe.
While consultations with third party partners in related industries in Greece and various departments of the government will be ongoing throughout 2022, Orama Nexus intends to begin acquiring the required locations and begin the process of permitting the construction of the first Vertiports throughout Greece in 2023.