Stephan Wolf and Alexander Zosel founded the electric aircraft company e-volo in 2011 in Bruchsal. It later became Volocopter. On 21 October 2011 its first prototype, the VC1, made its first flight.
In 2013 the company raised €500,000 on the Seedmatch platform in 2 hours and 35 minutes, a European crowdfunding record. In September 2019 a round of $55 million was led by Geely. In October 2019 Volocopter flew a demonstration over Marina Bay in Singapore.
In 2022 it raised $170 million. In October 2022 it flew demonstration flights in Rome, and in November 2023 its VoloCity flew in New York. In November 2023 the Singapore launch was put on hold, and the Paris 2024 Olympics plan was dropped over engine certification.
Volocopter filed for insolvency on 30 December 2024. In March 2025 Diamond Aircraft, owned by the Wanfeng group, took over the company. It remains in Bruchsal.