eVTOL manufacturer, Lilium has announced an asset purchase agreement with Mobile Uplift Corporation, a newly formed company backed by a consortium of European and North American investors.
The agreement involves Mobile Uplift Corporation acquiring the operating assets of Lilium GmbH and its subsidiary, Lilium eAircraft GmbH.
The transaction represents a significant step in Lilium’s financial restructuring efforts and is expected to provide the funding necessary to restart business operations.
Prior to filing for insolvency, Lilium planned to produce the Lilium Jet, an all-electric vertical take-off and landing jet
© Lilium
This news follows Lilium’s main German subsidiaries entering self-administration proceedings due to…
