On December 30 local time, the German electric vertical take-off and landing (eVTOL) aircraft company Volocopter filed for bankruptcy, citing an inability to raise new funds to maintain normal operations. The statement said that during the interim bankruptcy process, Volocopter's business operations would continue as usual. The company stated, "Despite recently conducting extensive fundraising efforts, we have still been unable to find a viable solution to maintain normal operations outside of the bankruptcy process." Volocopter was established in 2011, and its main investors include Geely, Mercedes-Benz, Blackrock, and Honeywell.