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Lilium N.V. seeks self-administration for its German subsidiaries amid failed loan approval.
Lilium N.V. announced that its principal German subsidiaries will apply for self-administration proceedings following a failed loan approval process from KfW, which was deemed critical for retaining market confidence and attracting future investments.
Company Information
Company
Lilium GmbH
Location
Munich, Bavaria, Germany
About
Lilium GmbH is known for its pioneering work in electric vertical takeoff and landing (eVTOL) designs and technologies. The company has invested significantly in developing technologies for a visionary eVTOL platform. Lilium’s innovations include key advancements in ducted fan technology. It has been recognized for its contributions to the advanced air mobility sector.
MunichManufacturingTransportationAir TransportationAerospace