Connect with us

Hi, what are you looking for?

Contribution AmericansContribution Americans

Tech News

Air taxi maker Lilium is out of money and will cease operations

Lilum jet on a landing pad
Lilium’s Jet eVTOL. | Image: Lilium

Two years before German air taxi manufacturer Lilium promised to deliver its first two aircraft to customers, the air taxi pioneer has run out of money and will imminently stop making them. In a filing to the US SEC, Lilium says it cannot acquire the funding to continue operations in its subsidiaries (Lilium GmbH and Lilium eAircraft GmbH), and is going into insolvency. We’ve been covering the company continually since 2017, when it successfully took its first flight in Germany.

Lilium had previously confirmed it had begun assembling its first two all-electric vertical take-off and landing (eVTOL) aircraft in Germany, while working towards certification from the EASA and FAA, but its first customer deliveries weren’t slated until 2026….

Continue reading…

You May Also Like

Editor's Pick

On this week’s edition of StockCharts TV‘s StockCharts in Focus, Grayson discusses the most important chart on all of StockCharts – your default ChartStyle! In addition...

Tech News

The Sonos Roam 2, the company’s latest portable smart speaker, is already on sale at Amazon and other retailers for nearly $40 off. |...

Tech News

Image: the Internet Archive The Internet Archive is back online in a read-only state after a cyberattack brought down the digital library and Wayback...

Editor's Pick

When the market is down, you can see which stocks Wall Street may be pumping money into. So on a Monday morning when the...