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Austin Russell, chief executive officer of Luminar Technologies, speaks during a news event at the 2023 Consumer Electronics Show (CES) event in Las Vegas, Nevada, US, on Wednesday, Jan. 4, 2023. For the first time, CES has a theme: how technology is addressing the world’s biggest challenges. Photographer: Bridget Bennett/Bloomberg

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German electric air taxi ship’s company Volocopter hasfiled for bankruptcy auspices , the former in a string of similar startups to attain financial turbulence . The caller plans to keep operating while it searches for new investors .

“ We are out front of our industry peers in our technical , flight of steps test , and certificate procession . That make us an attractive company to invest in while we organize ourselves with home restructuring , ” CEO Dirk Hoke say in a affirmation .

Volocopter ’s conclusion comes after it spent monthsteetering on the edge of come down apart . It also come just one hebdomad after fellow German galvanic upright pasquinade and landing inauguration Lilium ceased operations — only to beapparently saved by a syndicate of investorsjust one daylight subsequently . ( That deal is set to close in January . )

Volocopter is one of the more well - fund electric air taxi startups , having raisedhundreds of millions of dollarsover closely a decade with backup from major car manufacturer like Germany ’s Mercedes - Benz and China ’s Geely .

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