Lilium N.V.

After selling off the last remnants of Lilium, the founders around Daniel Wiegand have launched a new aerial‑vehicle start‑up called Protea. The team was able to raise significant capital immediately, including from previous investors. Investigations reveal new details about the founding, the backers and the composition of the team. » More on manager-magazin.de

Flight-taxi developer Lilium has filed for insolvency for the second time despite raising around €1.5 billion in capital, after a planned rescue fund failed to materialize. According to reports, the company already sold patents to US rivals. Lilium is emblematic of a broader wave of German start-up insolvencies in 2025, triggered by high costs, cautious investors and rising interest rates. » More on finanzen.net

The insolvency administrator has sold Lilium’s patent portfolio to publicly listed US manufacturer Archer Aviation. Archer acquires more than 300 patents, including on high‑voltage systems, battery management, flight control and ducted‑fan technology, for €18 million. A previously planned rescue sale to Ambitious Air Mobility Group failed due to financing problems. Lilium had already filed for insolvency twice and had neither production readiness nor the promised funds. » More on heise.de