German eVTOL startup Lilium has ceased operations as of this week, sunsetting a decade-long effort funded with over US$1 billion to build electric air taxis, with nary a single aircraft delivered. The news comes from co-founder Dr. Patrick Nathen, who made the announcement via a LinkedIn post spotted by TechCrunch. It follows a report dated December 20 from German outlet Gründerszene, which stated that nearly 1,000 Lilium employees had been laid off; only a small number would remain to manage the liquidation process. Continue reading
