Lilium Aerospace<\/a>, which evolved after Lilium GmbH and Lilium eAircraft GmbH filed for insolvency at the end of last year, confirmed on February 21, 2025, that operations had stopped. \u00a0<\/p>\n\u201cAs the funding options to secure Lilium\u2019s future have not materialized in time, Lilium Aerospace has filed for insolvency today\u201d, a spokesperson for Lilium said. \u00a0<\/p>\n
While the electric vehicle takeoff and landing (eVTOL) developer will continue to seek alternative funding sources the company did not hold out much hope.\u00a0<\/p>\n
\u201cWhile talks about alternative solutions are still ongoing, the chance for restructuring right now is highly unlikely and therefore operations will be stopped,\u201d the spokesperson explained.\u00a0<\/p>\n
After Lilium GmbH and Lilium eAircraft GmbH entered insolvency, hope emerged just before Christmas that a new consortium of investors had been found. \u00a0<\/p>\n\n
Under the terms of an\u00a0agreement, the consortium \u2013 Mobile Uplift Corporation \u2013 would acquire the assets of Lilium, giving the startup the funding it needs to resume operations.\u00a0<\/p>\n