Lilium Electric Aircraft Company Ceases Operations and Lays Off 1,000 Employees
Once a standout in the emerging electric aircraft industry, German company Lilium, which had raised over $1 billion in pre-IPO funding, has ceased operations and laid off approximately 1,000 employees following failed efforts to secure financing and escape bankruptcy. According to German media outlet Gründerszene, Lilium’s co-founder and CEO, Patrick Nathen, confirmed on LinkedIn that […]
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