Mercedes-backed Volocopter files for bankruptcy

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German electric air taxi company Volocopter has filed for bankruptcy protection, the latest in a string of similar startups to hit financial turbulence. The company plans to keep operating while it searches for new investors. “We are ahead of our industry peers in our technological, flight test, and certification progress. That makes us an attractive © 2024 TechCrunch. All rights reserved. For personal use only.

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