Volocopter files for insolvency at Karlsruhe court

Volocopter (Diamond Aircraft / Wanfeng)

German eVTOL developer Volocopter filed for insolvency, unable to secure additional funding despite over €600M invested. The company continued operations during provisional administration while seeking restructuring investors.

• Filed December 26, 2024 at Karlsruhe Local Court
• Had exhausted funding despite 600+ million euros invested
• Retained 160 employees post-restructuring
• Sought restructuring concept by end of February 2025