Image credit: Lilium
German eVTOL developer Lilium is facing another financial crisis as the company struggles to secure a critical funding package that was expected to stabilise its operations.
After announcing a €200 million rescue deal on Christmas Eve, Lilium has so far received only a fraction of the promised funds, leaving it unable to pay salaries and forcing it to suspend operations. With time running out, the company may be forced to file for insolvency if the remaining investment does not materialise.
Reports from the German Wirtschaftwoche indicate the main funding shortfall stems from its new lead investor, Marian Boček, founder of Slovakian battery manufacturer InoBat, which was expected to…
