Two months after its insolvency filing shocked the AAM space, executives from German eVTOL startup Lilium have announced that the brand and its flagship platform concepts will live on thanks to a new infusion of resources coming via an asset purchase agreement from the Mobile Uplift Corporation investment consortium.
Mobile Uplift hopes to conclude the deal that will officially transfer the Lilium GmbH and Lilium eAircraft GmbH subsidiaries into its hands by January 2025, with an aim towards reinitiating company operations after a period of restructuring and the resolution of the Lilium’s mandated post-insolvency self-administration processes. Earlier in the week, press outlets reported that Lilium had laid off the majority its remaining 1,000 employees ahead of the looming prospect of closure, though the company’s latest press release indicates that Mobile Uplift will move to rehire at least some of Lilium’s previous talent base.
