Get the latest tech news
Mercedes-backed Volocopter files for bankruptcy
German electric air taxi company Volocopter has filed for bankruptcy protection, the latest in a string of similar startups to hit financial turbulence.
German electric air taxi company Volocopter has filed for bankruptcy protection, the latest in a string of similar startups to hit financial turbulence. That makes us an attractive company to invest in while we organize ourselves with internal restructuring,” CEO Dirk Hoke said in a statement. Volocopter is one of the more well-funded electric air taxi startups, having raised hundreds of millions of dollars over nearly a decade with backing from major automakers like Germany’s Mercedes-Benz and China’s Geely.
Or read this on TechCrunch