Volocopter appoints Oliver Vogelgesang as its Chief Financial Officer, who joins from Lilium

Lilium’s former Chief Financial Officer Oliver Vogelgesang has joined Volocopter, effective immediately.

As an experienced financial executive of a listed company, Oliver will steer the ongoing fundraising activities and future-proof financial activities following its aircraft certification in 2025 and entry into market. He takes over this position from Christian Bauer, who remains the Volocopter’s Chief Commercial Officer.

Vogelgesang has three decades of finance experience in the aviation technology sector. As well as Lilium, he held senior leadership positions across Airbus.

His expertise lies in building up strong and international finance teams, business modelling, and raising capital for transitioning startups, which translate uniquely into Volocopter’s short—to medium-term financial targets. The appointment is well-timed as the company welcomes the shift from development to market entry in 2025.  

Dieter Zetsche, Volocopter’s Chairman of the Advisory Board, said: “Financial stability of the company and the industry is timely and crucial; therefore, it is with great pleasure to appoint a dedicated CFO in Oliver Vogelgesang.

“His international finance and aerospace expertise will strengthen our ties with stakeholders and create opportunities for Volocopter’s future partners and shareholders. I would also like to thank Christian Bauer, who has held the financial and commercial management side together during these challenging market conditions.” 

Dirk Hoke, CEO of Volocopter added: “The company will be gaining an industry and financial expert who has been successful in binding transactions with multiple stakeholders worldwide.

“Oliver’s appointment will invigorate our senior management team and support Volocopter’s future growth. Thanks to Christian Bauer who has fortified our financial foundations so that we can move forward.” 

Commenting on his own appointment, Vogelgesang said: “I have experienced impactful industry transformations while building my aviation career. I strongly believe that the company’s eVTOL technology and market approach will change the ways of electric future mobility. I am delighted to join Volocopter, especially at this stage of proximity in achieving aircraft type certification, to strengthen its financial composition and future-proof its company’s ambitious growth.”

Volocopter’s VoloCity is in the final stages of aircraft testing to achieve the European Union Aviation Safety Agency (EASA) certification next year.