A last-minute rescue may have saved innovative startup Lilium, as the company has announced a rescue deal with a consortium of European and North American investors.
“We are very pleased to announce the signing of an investment agreement with a very experienced consortium of investors, which is a major breakthrough,” Lilium CEO Klaus Roewe said. “Deal closing at the beginning of January will allow us to restart our business.”
Under the terms of the agreement, the consortium – Mobile Uplift Corporation – will acquire the assets of Lilium, giving the startup the funding it needs to resume operations.
The company added that the deal is, of course, subject to the satisfaction of conditions.
Lilium is recalling sacked staff
According to DPA, the company is already making plans to recall around 750 staff who were sacked last week. Reports from German media suggested the layoffs could have been as many as a thousand, although no confirmation was provided by the company.
Lilium had already filed for bankruptcy protection for two of its subsidiaries in October 2024. Part of the agreement involves the restructuring of these subsidiaries so that they can resume activities.
If the deal goes through, Lilium could resume production as soon as mid- to late-January. Undoubtedly, it executives are going to have a much better holiday now.
3 comments
So the latest news from 27 December is as follows “The firm’s flying taxis should be able to carry four to six passengers up to 175 kilometres (110 miles) at a speed of 250 kilometres an hour.
But it has yet to conduct a manned test flight. The first trial is expected next year, followed by the first deliveries to customers in 2026.”
So they have never built a confirming test article, have not flown any type of test flight, are using a totally new powerplant technology system, and they intend to certify and deliver in 24 months?
To date there are no CAA regulations for certification, design, airworthiness, etc., yet they intend to begin deliveries in 24 months?
Why do the media, investors, and others continue to propagate such ludicrous intentions?
In the last 30+ days people on the East coast of the US are going insane worried that they are under attack by “drones flying all over the place” and, nobody seems to know, or is willing to explain what, if anything is going on.
Meanwhile the rest of the world is promoting drones as the next best thing as the sun or sliced bread, and current plans are for more drones than birds flying around the world, without restriction, at all hours of the day and night.
Just checking….
Lilium will resume activities end of January. GOOD NEWS! Lilium is the only EVTOL company in entire Europe and a very good concept of mobility. Europe and Germany should bet for this company. It is our future!
Mr. Holger Broer (GmBH) could assist with such a reputation of the company and the German engineering advancements, this company is one to be as well known for the advancements in EVOTL as Boeing in American and European aviation