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Germany’s Volocopter has entered insolvency proceedings in its home country after a number of successful prototype demos in recent months.
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The startup’s craft uses a large number of individual propellers arranged around an overhead ring structure, as in a hobby drone, while featuring a small helicopter-style cabin.
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Air taxis in development are now thought to see a serious challenge from robotaxis, as driverless car tech spreads and becomes more affordable to scale.
As the eVTOL industry approaches a moment of truth, and a growing robotaxi market, those that have made it this far are now facing a difficult transition period.
Days after German eVTOL startup Lilium was able to find new…
