Lilium, a company working on flying taxis that can take off and land vertically, has ceased operations. As TechCrunch Notes, German media Founder scene was the first publication to report that the company had laid off 1,000 employees a few days ago after failing to secure more funding to further develop its technology. Patrick Nathen, the company’s co-founder, has announced that the company has suspended all operations LinkedIn. He tagged his co-founders and said that, at least under Lilium, they could no longer work on their “shared belief in greener aviation.”
The German company has been testing its VTOL electric air taxis for some time. His vehicle took off for the first time First flight in 2017and it completed its first phase of flight testing in 2019. Lilium has demonstrated that its VTOL air taxis are capable of flying at speeds of over 100 kilometers per hour Lily Jet prototype The car, presented in 2019, should be capable of speeds of up to 300 km/h and have a range of 300 kilometers.
Lilium has been struggling financially over the past year, but its CEO has reportedly not done so remained optimistic Just last month I was concerned about getting enough funds. Founder scene said a small number of people will remain employed to help with the liquidation. The company has not yet revealed what will happen to its technology and the rest of its assets, but its patent attorney Fabien Müller has wrote in a post that he manages the transfer of Lilium’s intellectual property.
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