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Electric Jet Developer Lilium Shuts Down

Funds that would have kept the company afloat ‘have not materialized in time’ despite a previous ‘breakthrough’ in its search for an investor.

Friday, February 21, 2025 at 03:30 PM ET

Verified

The developer of the electric vertical takeoff and landing (eVTOL) Lilium Jet is closing its business. [Courtesy: Lilium]

Key Takeaways:

German eVTOL developer Lilium is shutting down and has filed for insolvency due to anticipated investment funds and a crucial government loan guarantee failing to materialize.
Despite announcing a "breakthrough" investor search and a 210 million euro deal, the necessary funds did not arrive in time, leading to the cessation of operations.
Lilium had achieved significant milestones, including securing certification bases from both the FAA and EASA and holding substantial orders, but its closure highlights broader financial struggles within the eVTOL industry.

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Lilium, a German developer of electric vertical takeoff and landing (eVTOL) jets, is shutting down.

Lilium’s two core subsidiaries ran out of cash in October, forcing it to file for “self-administration” proceedings with a court in Germany. In December, the firm achieved what it called a “breakthrough” in its search for a new investor. But on Friday it announced it filed for insolvency.

Jack Daleo

Jack is a staff writer covering advanced air mobility, including everything from drones to unmanned aircraft systems to space travel—and a whole lot more. He spent close to two years reporting on drone delivery for FreightWaves, covering the biggest news and developments in the space and connecting with industry executives and experts. Jack is also a basketball aficionado, a frequent traveler and a lover of all things logistics.