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Lilium Closes eVTOL Business As New Investment Falls Through

23 Feb 2025 | Abstracted from Ainonline

"...a group of investors from Europe and North America would acquire the business and fund work to bring its six-passenger Lilium Jet to market in 2026...Lilium was forced to file for 'self administration' insolvency proceedings in October after the German parliament blocked a €50 million loan guarantee...For reasons that have yet to be explained, these funds never materialized..."

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