Summary
- Lilium faced financial difficulties and filed for self-administration proceedings before being saved by Mobile Uplift Corporation GmbH
- Mobile Uplift Corporation GmbH is a group of investors from North America and Europe who bought the operating assets of Lilium GmbH and Lilium eAircraft GmbH
- Lilium CEO Klaus Roewe expressed optimism about restarting business with the new investment agreement
- Lilium had nearly 800 preorders which include firm orders, reservations, options, and memoranda of understanding
- The market potential for eVTOL aircraft like Lilium’s jets is still unclear and could involve replacing helicopters, serving regional travel, or commercial transportation services
Article
The electric vertical takeoff and landing (eVTOL) company Lilium recently faced financial difficulties and had to apply for self-administration proceedings in Germany, indicating insolvency. However, another company called Mobile Uplift Corporation GmbH stepped in to save the day by purchasing the operating assets of Lilium GmbH and Lilium eAircraft GmbH. This consortium of investors from North America and Europe has provided a lifeline for Lilium, ensuring that the business can restart in 2025 and fulfill nearly 800 preorders for electric jets.
Lilium CEO Klaus Roewe expressed his gratitude for the investment agreement with the consortium of investors, describing it as a major breakthrough for the company. With the deal expected to close in January, Lilium can look forward to restarting its operations and moving forward with its innovative eVTOL aircraft. The company’s preorders consist of a mix of firm orders, reservations, options, and memoranda of understanding. Approximately 108 of these preorders are either firm orders or reservations, indicating solid interest in Lilium’s electric jets.
The future market for eVTOL aircraft remains uncertain, with questions about their potential applications and customer base. It is unclear whether eVTOLs could replace traditional helicopters, cater to regional travel needs for affluent individuals, or serve commercial transportation demands in specific regions more effectively than existing modes of transport. As the industry continues to evolve over the next decade, Lilium and its competitors will have to navigate these challenges and ensure their survival and success in the emerging market for small electric jets.
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