Privately owned Vehicle Redesign (VRCO) is aiming to develop its NeoXcraft aircraft under the ultralight/sports class of the European Union Aviation Safety Agency (EASA). As of August 2019, it was still trying to raise fresh capital to support flight testing and intended to begin a Series A round of funding in October 2019.
The company has been building multiple scaled models of its initial two-seat NeoXcraft XP2 design, including a one-quarter-scale example that it intends to start flight testing in late 2019. In early September, it announced that the program is beginning the manufacturing phase and that it intends to have a full-scale prototype ready to fly in 2020. It is targeting type certification under EASA's new Special Condition rules in 2022.
VRCO has been working with an undisclosed luxury automobile designer to develop the NeoXcraft's cabin interior.
In April 2021, VRCO became part of the U.S.-based AIRO Group, which is supposed to be pursuing a merger with a special purpose acquisition company. The aircraft is now referred as the Xcraft.