Mobile Uplift Corporation
Assembly Line
German eVTOL maker Lilium finds investor in miraculous Christmas deal
Last month, the German flying taxi unicorn Lilium was said to be under a major financial crisis. Its main subsidiaries were reported to have filed for bankruptcy. In a recent move, the company laid off 1000 employees and ceased operations. Now, the company has signed an asset purchase agreement with Mobile Uplift Corporation GmbH, a company set up by an experienced consortium of investors from Europe and North America. Mobile Uplift Corporation GmbH intends to acquire the operating assets of the subsidiaries – Lilium GmbH and Lilium eAircraft GmbH. Lilium expects that the Agreement positions its subsidiaries to obtain sufficient funding to restart their business operations.