Volocopter, a German air taxi maker that raised over $600 million, has filed for insolvency. The big picture: eVTOL developers don't burn fuel, but they do burn tons of cash.

Founded in 2011, Volocopter has been a leader in urban air mobility (UAM), designing electric vertical takeoff and landing (eVTOL) vehicles aimed at revolutionizing transportation. The company's ...

The oil and gas-rich country has sought to distinguish itself in the Middle East as a high-tech, forward-looking society, ...

German air taxi maker Volocopter has filed for bankruptcy, the company has said. “Despite recent intensive fund-raising efforts, finding a viable solution to maintain regular operations outside ...

(Reuters) - Air taxi start-up Volocopter GmbH filed for insolvency proceedings on Monday, citing its inability to raise new funds to maintain regular operations. The Mercedes-Benz and Honeywell ...

They’ve been dropping like flies. In just the last 3 months, air taxi hopefuls Lilium Air Mobility and Volocopter filed for insolvency. These companies believed they had the better electric ...

Autonomous air taxi service Volocopter just had its first test flight in Dubai. The giant drone-like vehicle has two seats, 18 propellers, and is powered by nine batteries. This allows it to have ...

The UAE is setting the stage for air taxis and cargo drones by mapping aerial corridors. This initiative underscores its ...

The German air taxi startups Lilium and Volocopter both had to file for insolvency and are now trying to reorganise themselves. Now the major aviation group ...

Air Taxi Startup Volocopter, Backed By Saudi Crown Prince MBS And Mercedes, Crashes Into Bankruptcy After Raising $544 Million In 10 Years The dream of flying taxis just hit a big roadblock ...

(Reuters) - Air taxi start-up Volocopter GmbH filed for insolvency proceedings on Monday, citing its inability to raise new funds to maintain regular operations. The Mercedes-Benz and Honeywell-backed ...