On the heels of eVTOL startup Lilium shutting down, air taxi builder Volocopter may close its doors having filed for insolvency due to lack of funds. On December 26, 2024, the Karlsruhe Local Court in Germany placed the company in administration.

Volocopter has filed for insolvency and is looking for investors. After Lilium, this is the second German flying taxi startup to face insolvency. While Lilium

The German eVTOL aircraft developer Volocopter has filed for insolvency while seeking new investors to rescue the future flight project.

The promised air taxi future appears to be slowly giving way to a robotaxi reality, but some investors remain confident. Here’s the latest.

Air taxi start-up Volocopter GmbH filed for insolvency proceedings on Monday, citing its inability to raise new funds to maintain regular operations. The Mercedes-Benz and Honeywell-backed company plans to continue business operations during the insolvency proceedings while seeking additional funding.

German air taxi maker Volocopter has filed for bankruptcy, the company has said. “Despite recent intensive fund-raising efforts, finding a viable solution to maintain regular operations outside of insolvency proceedings has not been possible,