German eVTOL startup Lilium has ceased operations as of this week, sunsetting a decade-long effort funded with over US$1 billion to build electric air taxis, with nary a single aircraft delivered.
Lilium, once a darling in the nascent industry of electric aircraft that raised more than $1 billion before going public, has ceased operations and laid off about 1,000 workers after efforts to ...
Cash-strapped Lilium has agreed an unlikely last-ditch rescue, selling its German operating units to a consortium of investors just days after terminating the contracts of all its staff.
Lilium has had a wild Christmas — but it's largely good news for the embattled electric air taxi company. Munich, Germany-based Lilium was founded a decade ago to design eVTOL style aircraft ...