CEO Dirk Hoke emphasized, "We are ahead of our industry peers in our technological, flight test, and certification progress. That makes us an attractive company to invest in while we organize ourselves with internal restructuring."
Volocopter's decision for bankruptcy protection follows months of financial instability, paralleling Lilium, which also faced challenges but secured investor backing quickly after ceasing operations.
Despite filing for bankruptcy, Volocopter remains hopeful, citing its significant funding history and connections with major investors such as Mercedes-Benz and Geely, which could aid in their recovery.
The electric air taxi sector is currently facing turbulence, as evidenced by multiple startups like Lilium and Volocopter struggling for financial stability, yet still managing to find potential investors.
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