Electric aircraft startup Lilium is shutting down after failing to raise emergency money from the German government, according to a regulatory filing. The filing comes after a series of setbacks from ...

Lilium’s vision of offering electric-powered commuter services is still far from reality as the company faces imminent financial pressures. Credit: Lilium Ever since Lilium debuted its Lilium Jet in ...

In April 2024, Lilium founder Daniel Wiegand showed the first Lilium Jet prototype in its nitial build-up. Credit: Jens Flottau/Aviation Week FRANKFURT—Mobile Uplift Corp., a consortium of European ...

Lilium’s decision to go into “self-administration” follows the German national parliament’s denial of a loan guarantee that was conditional for the start-up’s next round of fundraising, as well as the ...

Lilium, a German aerospace company, has debuted its electric vertical takeoff and landing jet in Texas as it aims to have the aircraft flying as soon as 2026 — and serving cities in the Texas Triangle ...

Lilium (LILM) has released an update. Lilium N.V., an aviation company, has filed for insolvency proceedings in Germany as reported to the SEC. This move signals significant financial distress and ...

According to a statement released to Aviation Week, Mobile Uplift consists of the US private equity group Fifth Wall and an unnamed European financial investor along with battery producer CustomCells ...

The stock of German aerospace company Lilium NV (LILM), which manufactures air taxis, is down 58% after the company said its two main subsidiaries will file for insolvency. The company’s two primary ...

Fresh from losing out on Lilium’s assets to Archer Aviation, Dutch firm Ambitious Air Mobility Group (AAMG) has turned its attentions elsewhere and agreed to invest an undisclosed sum in Czech hybrid ...

Shares of Archer Aviation Inc (NYSE:ACHR) are moving higher in early trading Thursday morning, fueled by investor optimism following the company’s successful acquisition of Lilium’s patent portfolio.