Image credit: Lilium
Lilium Aerospace has filed for insolvency again after a last-ditch funding deal collapsed, marking the end of the German eVTOL developer’s turbulent journey.
A group of investors had pledged more than €200 million to revive Lilium after its initial insolvency in October, but the funds never materialised. With no viable alternatives, the company confirmed it would cease operations
“While talks about alternative solutions are still ongoing, the chance for restructuring right now is highly unlikely and therefore operations will be stopped,” Lilium said in a statement. “Given the situation, this is deeply regretful for all employees and Lilium Aerospace thanks them for their resilience and…
