Electric aircraft manufacturer
Time for finding investors is running out at e-aircraft manufacturer Lilium
The air taxi pioneer Lilium had big plans. The technical requirements were complex and money was tight. Today, after more than ten years, the end is looming.
The insolvent Bavarian e-flight pioneer Lilium, based in Gauting near Munich, is threatened with extinction. According to media reports, a deadline expires today within which the search for investors could still be successful. A company spokesman announced a public statement from Lilium.
“Business Insider” and “Welt”, among others, had reported that the company had already ceased business operations on Friday and handed over notices to almost all of its approximately 1,000 employees. Patrick Nathen, one of four Lilium co-founders, wrote on the LinkedIn platform: “After ten years and ten months, the sad truth is that Lilium has ended its activity.”
Lilium wanted to build electric aircraft
Lilium wanted to build small aircraft with electric propulsion and had already developed prototypes for a vertical take-off flying taxi. However, the developers repeatedly encountered technical challenges. The company, which was meanwhile listed on the US technology exchange Nasdaq, had repeatedly reported losses worth millions over the years.
dpa
Source: Stern
