Reported 3 days ago
Volocopter GmbH, a German air taxi start-up, has filed for insolvency due to difficulties in securing new funding to sustain operations. Despite backing from industry giants like Mercedes-Benz and Honeywell, the company is struggling within a financially challenging environment for the electric vertical takeoff and landing (eVTOL) sector. Volocopter plans to continue operations while seeking additional funding amidst the growing financial troubles in the industry.
Source: YAHOO