Until this morning, it seemed certain that Lilium would cease operations and let go all of its more than 1,000 employees. Founded in 2015, the Munich based electric aircraft startup, had recently failed to secure follow-on funding, and was reaching the point of insolvency. Just before Christmas, the company had to lay off all its employees.
But earlier today, on December 24th, surprisingly the signing of an asset purchase agreement with Mobile Uplift Corporation has been announced. Mobile Uplift is a company set up by an experienced consortium of investors from Europe and North America, who are intending to acquire the operating assets of the subsidiaries Lilium GmbH and Lilium eAircraft GmbH.
Subject to the satisfaction of certain…
