The promised air taxi future appears to be slowly giving way to a robotaxi reality, but some investors remain confident. Here’s the latest.

Volocopter has filed for insolvency and is looking for investors. After Lilium, this is the second German flying taxi startup to face insolvency. While Lilium

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 company plans to continue business operations during the insolvency proceedings while seeking additional funding.

The promised air taxi future appears to be slowly giving way to a robotaxi reality, but some investors remain confident. Here’s the latest.