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Startup

Lilium: Electric Air Taxi Burns Through €1 Billion and Collapses Into Insolvency

Lilium GmbH, the Munich-based eVTOL startup promising 6-passenger flights at 300 km/h, filed for insolvency in October 2024 after burning through approximately €1 billion. The company had never received type certification from EASA or the FAA, had no production aircraft, and had…