Electric flying taxi company Volocopter files for insolvency, raising questions about Germany's tech startup support.

Volocopter, a German leader in electric flying taxis, has filed for insolvency, despite raising over $600 million from major investors. This setback highlights challenges in the eVTOL industry, including technological development, regulatory hurdles, and financial sustainability. The failure also questions Germany's support for high-tech startups, with critics suggesting the country risks falling behind competitors in the U.S. and China.

2 months ago
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