Sudden Clarkebond liquidation shocks employees

In a sudden move, engineering consultant Clarkebond has ceased trading and fallen into administration after 77 years The liquidation has been chalked up to issues with management practices and clashing with staff. Just three months prior, in September, the firm was acquired by the Independent Design House Group (IDHG). Clarkebond was a respected player in…

Air taxi start-up Volocopter files for bankruptcy

The company plans to continue business operations during the insolvency proceedings while seeking additional funding. “Despite recent intensive fundraising efforts, finding a viable solution to maintain regular operations outside of insolvency proceedings has not been possible,” Volocopter said in a statement. “Business operations will continue as usual during the provisional insolvency proceedings. The provisional insolvency…

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Volocopter files for insolvency, Investors sought

eVTOL start-up Volocopter GmbH  has filed for the opening of insolvency proceedings.  The filing was made at the Karlsruhe Local Court on 26 December 2024. The court appointed Tobias Wahl, partner, and attorney at Anchor Rechtsanwältegesellschaft mbH, as its administrator. Founded in 2011, the start-up company has said that it is ‘near’ to gaining obtain…

Volocopter files for insolvency, signalling a nosedive for the European eVTOL industry

In a significant blow to the future of eVTOL aircraft in Europe, German eVTOL company Volocopter filed for bankruptcy protection this week.  Specifically, Volocopter GmbH filed an application to open insolvency proceedings at the Karlsruhe Local Court on 26 December 2024.  The Karlsruhe Local Court began the provisional insolvency administration the following day and appointed…

German eVTOL developer Volocopter goes bankrupt

Volocopter announced in a short press release that it had filed an application for the opening of insolvency proceedings with the Karlsruhe Local Court on 26 December 2024. It was approved the following day, and Tobias Wahl was appointed insolvency administrator. Business operations will continue during the proceedings and, according to Volocopter, the aim is…

Volocopter files for insolvency

UAM developer Volocopter has filed an application for the opening of insolvency proceedings at Germany’s Karlsruhe Local Court   The court has begun the provisional insolvency administration, appointing Tobias Wahl, partner and attorney at Anchor Rechtsanwältegesellschaft, as its administrator. Volocopter is a pioneer of urban air mobility (UAM), developing electric vertical take-off and landing (eVTOL)…