Lilium News

Reuters • Sudip Kar-Gupta

Vaeridion Secures €14M for Electric Microliner to Boost Regional Flights

Vaeridion, founded by former Airbus executives, has successfully raised €14 million to advance its electric microliner project. This funding aims to facilitate the development of sustainable short-haul flights across Europe by 2030, addressing emission reduction demands within the aviation sector.

2024-12-18T23:11:34.621937-08:00

eVTOL Insights

Lilium Attracts Multiple Bids Amid Acquisition Talks

2024-12-19T02:00:18.287383-08:00

eVTOL Insights

Lilium Gains eVTOL Orders Amid Insolvency and Restructuring

2024-12-05T01:24:17.403188-08:00

FlightGlobal

Lilium Attracts Buyers Amid Subsidiary Closures

2024-11-29T10:33:04.601263-08:00

Lilium News Timeline

eVTOL Insights

Lilium Attracts Multiple Bids Amid Acquisition Talks German eVTOL company Lilium is in negotiations with several bidders, as identified by a report from Wirtschaftswoche (WiWO). The decision regarding the winning bid is expected soon, potentially concluding ongoing acquisition discussions. This move underscores the growing interest in eVTOL technology within the aerospace sector.

2024-12-19T02:00:18.287383-08:00

Lilium Attracts Multiple Bids Amid Acquisition Talks

Reuters

Vaeridion Secures €14M for Electric Microliner to Boost Regional Flights Vaeridion, founded by former Airbus executives, has successfully raised €14 million to advance its electric microliner project. This funding aims to facilitate the development of sustainable short-haul flights across Europe by 2030, addressing emission reduction demands within the aviation sector.

2024-12-18T23:11:34.621937-08:00

Vaeridion Secures €14M for Electric Microliner to Boost Regional Flights

eVTOL Insights

Lilium Gains eVTOL Orders Amid Insolvency and Restructuring Lilium has secured eight eVTOL jet orders from The Ambitious Group during its financial restructuring led by KPMG. The process proceeds as Lilium enhances its Lilium Jet commercial and test program, with momentum towards its inaugural manned flight. Ongoing customer deals sustain its operational progression.

2024-12-05T01:24:17.403188-08:00

Lilium Gains eVTOL Orders Amid Insolvency and Restructuring

FlightGlobal

Lilium Attracts Buyers Amid Subsidiary Closures Lilium is experiencing strong interest from potential buyers as it moves forward with its sale. Concurrently, the German electric air taxi developer is closing subsidiaries outside Germany, adding uncertainty for its workforce.

2024-11-29T10:33:04.601263-08:00

Lilium Attracts Buyers Amid Subsidiary Closures

Reuters

Lilium's Cash Crunch Highlights Air-Taxi Funding Challenges The recent financial troubles of Germany's Lilium underscore significant funding obstacles faced by Western air-taxi startups aiming to pioneer passenger services. This situation highlights the pressing need for robust financial strategies in the emerging air-taxi sector.

2024-11-25T14:11:29.499122-08:00

Lilium's Cash Crunch Highlights Air-Taxi Funding Challenges

eVTOL Insights

Volocopter Appoints Vogelgesang as New CFO from Lilium Oliver Vogelgesang, former CFO at Lilium, joins Volocopter as Chief Financial Officer, effective immediately. With extensive finance experience, he will oversee ongoing fundraising and prepare financial strategies for Volocopter's market entry post-2025 aircraft certification.

2024-11-18T06:45:22.337902-08:00

Volocopter Appoints Vogelgesang as New CFO from Lilium

AINonline

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Lilium Engages KPMG for M&A Amid Insolvency Proceedings Lilium, facing cash difficulties, has appointed KPMG to manage a mergers and acquisitions strategy following the insolvency of its German subsidiaries. This process aims to secure potential buyers and investors while the company seeks to stabilize its financial outlook and continue its aerospace ventures.

2024-11-05T04:04:09.725524-08:00

Lilium Engages KPMG for M&A Amid Insolvency Proceedings

Reuters

Lilium Files for Insolvency After Cash-Crisis Resolution Fails German eVTOL manufacturer Lilium has announced it will file for insolvency following unsuccessful efforts to overcome a significant cash-crisis. The disclosure was made in an SEC filing on November 4, highlighting the financial challenges the air-taxi maker faces.

2024-11-04T06:58:01.331936-08:00

Lilium Files for Insolvency After Cash-Crisis Resolution Fails