German flying taxi startup Volocopter files for bankruptcy, seeking investors to stay afloat.

German flying taxi startup Volocopter has filed for bankruptcy, seeking new investors to continue its operations. Founded in 2011, the company aims to launch its two-seater electric air taxi by 2025 and a five-seater model in 2027. Despite recent fundraising, Volocopter faces challenges in competing with US and Chinese rivals in the eVTOL sector. The company hopes to develop a restructuring plan and attract investment by the end of February.

3 months ago
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