Lilium, the German eVTOL (electric vertical takeoff and landing) aircraft manufacturer, has shut down operations after failing to secure critical funding. This marks the company’s second insolvency filing in a matter of months, bringing an end to what was once seen as a revolutionary force in the urban air mobility sector.
Lilium’s collapse follows years of financial uncertainty. The company, which had developed a futuristic air taxi concept, had briefly recovered after securing an emergency investment deal in late 2024. That funding, however, ultimately proved insufficient, and as investor confidence dwindled, Lilium found itself unable to secure further financial backing.
The latest insolvency filing leaves…
