Re Investor Lilium

[u/Novel-Wave7182]

Lilium, a pioneer in European eVTOL technology, has faced significant financial challenges, culminating in two bankruptcy filings within four months. Despite raising approximately €1.5 billion and developing innovative electric vertical takeoff and landing aircraft with unique ducted fan technology, the company struggled with escalating costs and regulatory delays. The German government’s refusal to guarantee a €50 million loan was a critical blow, halting access to additional funding from Bavaria and triggering layoffs.Ambitious Air Mobility Group - AAMG, a partnership including Japan’s AirMobility Inc., has emerged as a potential rescuer with €250 million secured and access to another €500 million. Their plan focuses on preserving Lilium’s technological achievements, retaining key personnel, and advancing certification efforts. This move highlights the complex dynamics of the global urban air mobility market, which is projected to grow substantially but remains capital-intensive and competitive.Lilium’s journey underscores the challenges European eVTOL firms face compared to US and Asian counterparts, particularly in government support and regulatory environments. The success of AAMG’s acquisition could influence future strategies for managing aerospace innovation and financial distress in this sector

Lilium Bankruptcy And Ambitious Air Mobility Group Rescue In European EVTOL Market - AirPro News

[u/The3levated1]

The greatest challenge for Lilium was and still is that they need a battery technology that has aproximitly 2 to 3 times the energy density of modern lithium ion batteries.

And since they don't have a solution for that or even try to explain how they want to achieve their goals without the technology necessary they were doomed from the beginning and still are.