The ailing German air cab manufacturer Volocopter has filed for insolvency and is looking for investors. The company hopes to enter the market with new financing.
The local court in Karlsruhe has appointed Tobias Wahl from Anchor Rechtsanwälte as provisional insolvency administrator, the company from Bruchsal in Baden announced. The lawyer announced that he intends to develop a restructuring concept by the end of February and implement it with investors. “The company now needs financing that will enable it to take the final…