Archer strengthens its position in electric air mobility by acquiring some 300 strategic patents from Lilium, covering key technologies in vertical flight and electric propulsion. The acquisition ...

FRANKFURT—Ambitious Air Mobility Group (AAMG) says it has secured €250 million ($291 million) and access to a further €500 million to restart insolvent advanced air mobility firm Lilium. AAMG said in ...

In potentially another dramatic twist to Lilium’s protracted collapse, rumours have surfaced of yet another last-ditch bid to salvage the air taxi developer. Sources close to the company – most ...

German eVTOL jet developer Lilium is shutting down and has filed for insolvency after failing to secure critical funding. Despite announcing a "breakthrough" in investor search and a deal that would ...

FRANKFURT—Electric aircraft manufacturer Lilium Aerospace filed for insolvency Feb. 21 after its main investor failed to provide promised funding for the rebuilding of operations, likely ending the ...

EXCLUSIVE: Propagate Content has promoted four across key divisions. Jack Katkavich has been promoted to Head of Sports Programming and Nonfiction, with Grant McCall being promoted to Director of ...

A group of European and American investors as the Mobile Lift Corporation agreed to acquire the assets of the German eVTOL aircraft developer Lilium, AIN reported. On Dec. 24 Lilium announced an ...

When we last looked at air taxi startup Lilium, it was in administration and laid off most of its employees on December 20. Now it seems there was a Christmas miracle on December 24, with investors ...

Lilium has had a wild Christmas — but it's largely good news for the embattled electric air taxi company. Munich, Germany-based Lilium was founded a decade ago to design eVTOL style aircraft, but in ...

A consortium of investors has resurrected Lilium just days after the electric air taxi startup ceased operations and laid off about 1,000 employees. Mobile Uplift Corporation, a company set up by ...