Lilium, a German startup that once led the charge in electric aircraft innovation, has ceased operations and laid off approximately 1,000 workers. After nearly 11 years of development and raising over $1 billion in funding, the company failed to secure the financing needed to continue operations or exit insolvency proceedings.
The news was first reported by Gründerszene, with Lilium’s co-founder and CEO, Patrick Nathen, confirming the closure in a LinkedIn post. Nathen expressed deep disappointment, stating, “After 10 years and 10 months, it is a sad fact that Lilium has ceased operations. The company that Daniel, Sebastian, Matthias, and I founded can no longer pursue our shared belief in more environmentally friendly…
