Lilium news – Munich’s Lilium secures investor support to restart e-air taxi operations

These investors have agreed to acquire two of it’s subsidiaries, allowing the company to restructure and exit insolvency. it has signed an agreement with Mobile Uplift Corporation GmbH to sell its operating assets, which could help the company re-enter the eVTOL market.

It expects the asset purchase agreement to provide its subsidiaries with the funding needed to restart operations, once certain conditions are met. The proceeds from the sale will be used according to German Insolvency Law, with no funds going to Lilium N.V.

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KPMG helped facilitate talks with potential investors as part of it’s financial restructuring. After reviewing the options, the creditor's committee agreed on a plan to allow the subsidiaries to exit self-administration.

On December 20, 2024, the subsidiaries ended the remaining employee contracts as required by German law. Mobile Uplift Corporation GmbH plans to rehire these employees once the deal is finalized.

The deal is expected to be completed in early January 2025, once approvals and consent from the creditor committee are received.

Lilium CEO, Klaus Roewe, says, “We are very pleased to announce the signing of an investment agreement with a very experienced consortium of investors, which is a major breakthrough. Deal closing at the beginning of January will allow us to restart our business.”

About Lilium

Lilium, founded in 2015 by Daniel Wiegand, Sebastian Born, Matthias Meiner, and Patrick Nathen, is currently going through insolvency proceedings. The company aims to create sustainable, high-speed regional transport using the Lilium Jet, an all-electric aircraft that takes off and lands vertically with zero emissions.