The company behind the Lilium Jet has filed for insolvency after its funding options dried up and promises of new financing failed to materialize.
Lilium Aerospace, which evolved after Lilium GmbH and Lilium eAircraft GmbH filed for insolvency at the end of last year, confirmed on February 21, 2025, that operations had stopped.
“As the funding options to secure Lilium’s future have not materialized in time, Lilium Aerospace has filed for insolvency today”, a spokesperson for Lilium said.
While the electric vehicle takeoff and landing (eVTOL) developer will continue to seek alternative funding sources the company did not hold out much hope.
“While talks about alternative solutions are still ongoing,…
