German air taxi pioneer Volocopter has hit a financial snag, filing for insolvency as it struggles to secure new funding. The company, known for its cutting-edge electric vertical takeoff and landing (eVTOL) aircraft, says operations will continue while it seeks investors to stay on track for a planned market debut in 2025.
Volocopter has been a trailblazer in the eVTOL sector since its founding in 2011. The company has developed the VoloCity, a quiet, sustainable, and all-electric air taxi designed for urban environments. With its sights set on entering the market in 2025, Volocopter is nearing certification by the European Union Aviation Safety Agency (EASA).
Despite notable achievements, including successful…