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429 Lilium startup ceases operations, lays off 1,000 workers

KillerStartups
Adria Woodman @ KillerStartups · 01/01/2025 11:51 EDT

Lilium startup ceases operations, lays off 1,000 workers

Lilium, a German electric aircraft startup, has announced that it will cease operations and lay off approximately 1,000 workers after failing to secure financing and exit insolvency. The company, which had raised over $1 billion before going public, made the announcement on December 23, 2024. However, a consortium of investors has agreed to acquire two ...

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