The German startup Lilium has faced several difficult turns lately, and was already heading towards insolvency when an investor stepped in on Christmas Eve last year to save the company. At the time, Lilium stated that the investor consortium Mobile Uplift Corporation signed a purchase agreement for the assets of the Lilium subsidiaries, and all 750 employees that had been let go would be rehired.
It was then revealed that the investor consortium would fund Lilium with €200 million to continue operations, however, the funds were conditional, based on a restructuring process that had not been completed. By the sixth of January, four investors had already transferred an initial €5 million to the consortium, but this still maintained…
