Volocopter files for insolvency as potential Chinese buyer emerges

motor1.com

Volocopter, a German eVTOL company, has filed for insolvency in Karlsruhe after failing to launch its flying taxis as planned. The company aims to develop a restructuring plan by February with potential investors. Tobias Wahl has been appointed as the insolvency administrator and is seeking financing to help Volocopter reach market entry. Chinese company Geely is reportedly interested in acquiring a significant stake in Volocopter. Founded in 2011, Volocopter has struggled to secure funding despite nearing certification for its VoloCity aircraft. The company completed only one manned flight with an older model and hopes to launch the VoloCity in 2025.


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