Lilium Aerospace, a prominent player in the burgeoning electric vertical take-off and landing (eVTOL) industry, has once again found itself in turbulent skies.
The company has now filed for insolvency for the second time. This latest filing comes amid financial setbacks after a promise of funding support failed to materialize.
Lilium becomes the latest casualty in a string of similar start-up problems. It underscores the significant challenges facing companies striving to revolutionize urban air mobility.
Collapse of Financial Rescue Deal
The core of Lilium’s current problem lies in the collapse of a crucial €200 million rescue deal. An investor consortium, initially promised to inject much needed capital….
