Back
Nawal
Entrepreneur | Build... • 6m
🔔 Shuttered electric air taxi startup Lilium may be saved after all Lilium, the electric air taxi startup that recently ceased operations and laid off about 1,000 employees, may have a chance for revival. A consortium of investors, Mobile Uplift Corporation, has agreed to acquire Lilium’s operating assets, including its subsidiaries, although the parent company will not receive any funds due to German insolvency law. The deal is expected to close in January, and Mobile Uplift plans to rehire some laid-off workers. Lilium's CEO expressed optimism about the investment agreement, which aims to restructure the company and allow it to exit insolvency without debt. Despite previously raising over $1 billion and securing orders for electric planes, Lilium struggled financially and filed for insolvency in October after failing to secure emergency funding.
Replies (4)
More like this
Recommendations from Medial
Vikas Acharya
Building WelBe| Entr... • 5m
Shunya: The Air Taxi Revolution at Invest Karnataka 2025 Sarla Aviation's air taxi prototype, 'Shunya', emerges as the star at the Invest Karnataka-2025 summit despite facing skepticism. Co-founder Dinesh reports high interest, pending regulatory ap
See More
Anonymous
Hey I am on Medial • 1y
A small case study on.... Zypp(the rejected startup from shark tank season 2) Company Name: Zypp Industry: Electric Delivery Case 1: Reducing Last-Mile Delivery Costs Solution: Transitioned to electric delivery scooters, reducing fuel costs and m
See More
Anonymous
Hey I am on Medial • 1y
Another electric vehicle manufacturer has declared bankruptcy. 😞 Electric car startup Fisker, founded by Henrik Fisker, has filed for bankruptcy. The company attempted to revive its business model of contract manufacturing cars through outsourcing
See More
Rohan Saha
Founder - Burn Finan... • 3m
Have you ever heard of a startup that's building a flying taxi? Sounds futuristic, right? Well, guess what India has one too! It’s called The ePlane Company, and they’re on a mission to completely change how we move around cities, using their very ow
See More
Download the medial app to read full posts, comements and news.