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October 4, 2024

Flying taxi startup Lilium faces insolvency if not able to "immediately" raise more capital 

The company plans to take its aircraft to market in 2026. To get there, it urgently needs funding to stay alive


Mimi Billing

2 min read

Lilium's 7-seater jet

Munich-based flying taxi startup Lilium is facing mounting liquidity issues, according to its half year report published this week. The company says that it “immediately requires additional capital to continue to finance its ongoing operations” and will be forced to cut costs, reduce operations or file for insolvency if it cannot raise fresh funding.

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Image of Lilium Jet prototype plane flying
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Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

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