Europe's flying taxi dreams falter as cash runs short

Makers of a new generation of European electric aircraft are struggling to raise money.

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Germany's Volocopter promised its electric-powered, two-seater aircraft, the VoloCity, would be ferrying passengers around the city.

It never happened. Instead the company ran demonstration flights.

While missing that deadline was embarrassing, behind the scenes a more serious issue was playing out - Volocopter was urgently trying to raise fresh investment to keep the firm going.

Talks to borrow €100m (£83m; $106m) from the government failed in April.

https://www.bbc.com/news/articles/c33em6jrx1go

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