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…
Lesson learned
Aviation certification timelines are measured in decades, not startup sprint cycles. Battery physics constrains eVTOL aircraft in ways that cannot be resolved by software updates. Going public via SPAC on unproven aerospace…
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