Finance, Taxes, Insurance
German Politicians Stall eVTOL Loan Guarantee Approvals
Bavaria has blocked support for Volocopter and Lilium
Volocopter eVTOL aircraft
Germany's Volocopter has been seeking state and federal loan guarantees for its eVTOL aircraft program.

German state politicians are frustrating the efforts of eVTOL start-ups Volocopter and Lilium to secure new sources of funding. Decisions confirmed this week by officials in Bavaria have prevented the approval of loan guarantees at both state and federal levels, leaving the companies seeking other options.

Privately-funded Volocopter confirmed on Friday that Bavarian officials have not agreed to a package that would also have unlocked federal funding for its efforts to bring the two-seat VoloCity aircraft to market. The company had turned to Bavaria for support after its home state of Baden-Württemberg turned down a request last year, apparently due to ideological resistance from Green party leadership. This prompted Volocopter to approach the Bavarian government.

In this article