Lilium Secures Last-Minute Investment to Continue Operations
Lilium, the Bavarian air taxi manufacturer that recently laid off employees due to insolvency, has secured a last-minute investor, the Mobile Uplift Corporation consortium. This development allows the company to plan its first flight, with the transaction expected to close in early January 2025. Lilium aims to resume operations and has significant orders from various countries but requires substantial funding for its certification and first manned flight.