Volocopter Files for Insolvency: Europe’s Air Taxi Transportation in Bubble?
Volocopter, a pioneer in electric air taxis, has filed for insolvency, citing funding struggles and regulatory delays. This marks a pivotal moment for Europe’s eVTOL industry, raising questions about the future of urban air mobility. While challenges are steep, Volocopter remains hopeful, pursuing restructuring and investor support. Can it recover and reignite Europe’s air taxi revolution? A crucial lesson in the risks of high-stakes innovation.