Electric Air Taxi Start-Up Lilium Has Run Out of Money
The Lilium Jet, priced at $10 million, was scheduled to take its first planned flight in early 2025. The company had promised to deliver aircraft in 2026.
eVTOL taxi startup Lilium is out of money and filing for insolvency
Seven years after its first test flight, German electric air taxi manufacturer Lilium has run out of funding and filed for insolvency for its two primary subsidiaries.
Air taxi maker Lilium is out of money and will cease operations
Two years before German air taxi manufacturer Lilium promised to deliver its first two aircraft to customers, the air taxi pioneer has run out of money and will imminently stop making them. In a filing to the US SEC,
Lilium was once a promising ‘air taxi' startup worth billions. Now it's on the brink of insolvency
German aerospace startup Lilium faces insolvency if it doesn’t raise emergency funding from the state government for the southeastern state of Bavaria.
German Flying Taxi Firm Lilium May File for Insolvency in Days
Lilium NV said its main subsidiaries may be forced to file for insolvency proceedings within days as the electric flying taxi firm struggles to raise enough funding to continue operations.
German air-taxi maker Lilium's units to file for insolvency, shares plunge
German air-taxi developer Lilium said on Thursday two of its subsidiaries in the country have decided to file for insolvency following unsuccessful talks with state and federal governments to solve its cash crisis.
Air taxi firm Lilium's shares plunge 60% after company says main subsidiaries will file for insolvency
Shares of Lilium tanked Thursday after the air taxi firm said in a filing that its two main subsidiaries plan on filing for insolvency in the coming days.
Lilium drops 60% with subsidiaries expected to file for insolvency in Germany
Lilium N.V. (NASDAQ:LILM) plunged in early trading on Thursday after the eVTOL company disclosed that it received an indication that the budget committee of the parliament of the Federal Republic of Germany would not approve a €50 million guarantee of a contemplated €100 million convertible loan for Lilium (LILM) from KfW.
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