(Reuters) – Air taxi start-up Volocopter GmbH filed for insolvency proceedings on Monday, citing its inability to raise new funds to maintain regular operations. The Mercedes-Benz and Honeywell-backed 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…
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Flying taxi start-up Volocopter has filed for insolvency, days after another fellow German company in the field, Lilium, was saved from collapse. Photo / Thibaud Moritz / AFP Flying taxi start-up Volocopter said on Monday it was filing for insolvency, days after another fellow German company in the field, Lilium, was saved from collapse. “Despite…
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According to Volocopter, it plans to develop and enact a ‘restructuring concept’ by the end of February. Photo: NeomAccording to Volocopter, it plans to develop and enact a ‘restructuring concept’ by the end of February. Photo: Neom Company says insolvency proceedings are necessary as search for new investors begins Read the original article here
Bruchsal, Germany, 30 December 2024 – Volocopter GmbH filed an application for the opening of 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 Tobias Wahl, partner, and attorney at Anchor Rechtsanwältegesellschaft mbH, as its administrator. Volocopter is a…