Lilium Secures €200 Million Investment to Revive Electric Aircraft Development

The insolvent German startup aims to complete its vertical takeoff and landing aircraft with backing from a new investor consortium.

Lilium, a German electric aircraft startup, has secured €200 million from the Mobile Uplift Corporation (MUC) to fund its path to market readiness after declaring insolvency last autumn.
The company had run out of funds on the verge of launching its production line, delaying its first manned flight planned for early 2025 and customer deliveries initially set for 2026.
The investment is not the purchase price for Lilium’s assets, which remain undisclosed, and requires additional creditor approvals to finalize the acquisition process.
Lilium's vertical takeoff and landing aircraft, often referred to as 'air taxis,' are intended for multiple uses, including medical emergency services as rescue aircraft.
The startup has received approximately 700 pre-orders globally and previously raised €1.5 billion, but its future remains uncertain given the financial and technical challenges involved.