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eVTOL Developer Lilium Gets $200 Million Reprieve From Going Bust

06 Jan 2025 | Abstracted from New Atlas

"...there was a Christmas miracle on December 24, with investors throwing out a €200 million (US$206 million) lifeline... things are jumping at a pace not seen since the dotcom bubble of the 1990s when flash new companies had the lifespan of mayflies with a chronic cough.

"Mobile Uplift consists of the US private equity group Fifth Wall and an unnamed European financial investor along with battery producer CustomCells..."

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