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Munich’s Lilium secures a lifeline: Investors step in to help e-air taxi startup restart operations

  • Munich-based Lilium, the electric air taxi startup that recently ceased operations and laid off 1,000 employees, is set to restructure with new investor backing.
  • A consortium of European and North American investors have agreed to acquire two of Lilium's subsidiaries, enabling the company to restructure and potentially re-enter the eVTOL market.
  • The asset purchase agreement with Mobile Uplift Corporation GmbH will provide the necessary funding to restart operations, pending certain conditions.
  • The deal is expected to close in early January 2025, including proceeding approvals and creditor committee consent.

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