Finance, Taxes, Insurance
Volocopter Files for Insolvency, Seeks Financing for eVTOL Aircraft
Company is the second German eVTOL manufacturer to resort to insolvency protection in December
Volocopter's VoloCity eVTOL aircraft.
Volocopter aims to raise funds to bring the VoloCity eVTOL to market.

German eVTOL aircraft developer Volocopter has begun insolvency proceedings with a court-appointed administrator now overseeing efforts to secure new investment. The company announced the move on December 30 in a statement explaining that it had filed for insolvency with the court in Karlsruhe on December 26.

On December 27, the court appointed Tobias Wahl, an attorney with the law firm Anchor Rechtsanwältegesellschaft, as Volocopter’s administrator. Volocopter, which is one of the original eVTOL pioneers, having been founded in 2011, said it had been forced to take the action after recent fundraising efforts had failed “to find a viable solution to maintain regular operations outside of insolvency proceedings.”

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