Flying taxi startup Volocopter goes bankrupt
German flying taxi startup Volocopter GmbH has filed for bankruptcy, citing its inability to raise funds to maintain regular operations. The Mercedes-Benz and Honeywell-backed startup plans to continue business operations during the insolvency proceedings while seeking additional funding. Founded in 2011, Volocopter was scheduled to enter the market in 2025 with its VoloCity flying taxi.