Flow-matching approaches to voice conversion (VC) have gained attention owing to their high speech quality and strong speaker similarity. Among them, one-step models such as MeanVoiceFlow are particularly attractive because they enable efficient inference; however, their reliance on a computationally intensive content encoder remains a bottleneck.

We therefore propose MeanVoiceFlow2, a framework that jointly optimizes a flow-based conversion module and a computationally efficient content encoder. The model is trained through conversion distillation using MeanVoiceFlow and the reconstruction of real data.

We further incorporate diffusion-GAN training with sample mixing and teacher-guided conditioning augmentation to enhance realism and disentanglement. Experiments on zero-shot VC showed that MeanVoiceFlow2 achieved higher perceptual quality and approximately $9\times$ faster inference than MeanVoiceFlow while maintaining comparable speaker similarity.

Audio samples are available at https://www.kecl.ntt.co.jp/people/kaneko.takuhiro/projects/meanvoiceflow2/.