| Founded | 2015 |
|---|---|
| Closed | 2023 |
| Country | Germany |
| Sector | Hardware |
| Total raised | €900M (Tencent, Atomico, LGT, Baillie Gifford) |
| Collapse type | Bankruptcy |
| Founder | Daniel Wiegand |
Lilium
"German electric jet startup raised €900M to build air taxis. Filed for insolvency before completing a single commercial flight. Then came back from the dead."
Key Events Timeline
Lilium raised €900M from Tencent, Atomico, and LGT to develop an electric VTOL jet — a fundamentally different approach to air taxis using electric jet engines rather than rotors.
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