Mercedes-backed Volocopter Files for Bankruptcy

German electric air taxi company Volocopter has filed for bankruptcy protection, the latest in a string of similar startups to hit financial turbulence. From a report: Volocopter is one of the more well-funded electric air taxi startups, having raised hundreds of millions of dollars over nearly a decade with backing from major automakers like Germany's Mercedes-Benz and China's Geely.

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