Volocopter Declares Insolvency, Seeks Investors to Secure Future

The German flying taxi pioneer plans to restructure and pursue funding as it aims for market entry in 2025 despite financial challenges.

Volocopter has filed for insolvency, citing unsuccessful negotiations with previous investors, but continues operations with 500 employees as it seeks new funding.
The company aims to finalize a restructuring plan by February 2025, with hopes of securing investors to complete its final steps toward market entry.
Volocopter lacks the necessary certification from the European Aviation Safety Agency (EASA) but expects approval in the coming year to launch its VoloCity model.
The company has faced repeated delays in its timeline and significant financial losses, with €146.2 million reported in 2023, and no state aid provided despite prior requests.
Volocopter's CEO, Dirk Hoke, is set to leave in February, while potential investor interest, including from Chinese conglomerate Geely, remains unconfirmed.