Lilium, which was developing vertical take-off and landing (VTOL) aircraft with speeds of up to 100 km/h, had raised more than $1 billion from investors before going public in 2021 on the Nasdaq ...

Lilium, once a darling in the nascent industry of electric aircraft that raised more than $1 billion before going public, has ceased operations and laid off about 1,000 workers after efforts to ...

Lilium which has a model certified by the European Agency of Air Safety, has the intention of developing the air taxis world market with VTOL electric aircraft, and a seven passenger capacity.