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 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, adding that the filing was made on December 26.
The company, founded in 2011, is now on the hunt for investors, and court-appointed administrator Tobias Wahl said the aim was “to develop a restructuring…
