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 to “develop a restructuring concept by the end of February and implement it with investors.” The insolvency administrator has already initiated a so-called investor process: “The company needs financing to take the final steps towards market entry,” says Tobias Wahl.
Volocopter was founded in Bruchsal in 2011 and develops all-electric vertical take-off and landing (eVTOL)…
