The German electric vehicle takeoff and landing (eVTOL) aircraft developer Volocopter has filed for insolvency while seeking new investors to rescue the future flight project.
The CEO of Volocopter, Dirk Hoke, confirmed on December 30, 2024, that the company filed an application for the opening of insolvency proceedings at the Karlsruhe Local Court on December 26, 2024.
The court began insolvency proceedings the following day and appointed Tobias Wahl, partner and attorney at Anchor Rechtsanwältegesellschaft, as its administrator.
Wahl held a staff meeting to inform employees about the current situation and opened up Volocopter for investment opportunities.
“The company needs financing to take the…
