Loading...
Market
What will be Lilium's financial performance in Q1 2025?
3
Lilium•German•Mobile Uplift Corporation GmbH•Europe•North America•Lilium GmbH•Lilium eAircraft GmbH•KPMG
Resolution / Starting Odds
Profitable • 25%
Break-even • 25%
Loss less than €50 million • 25%
Loss more than €50 million • 25%
Lilium's financial statements or reports from financial news outlets
Story
Lilium Secures Investment from Mobile Uplift Corporation, Plans to Rehire 775 Workers
Dec 24, 2024, 10:00 AM
Lilium, a German electric aircraft startup, has secured a last-minute rescue from insolvency through an investment agreement with Mobile Uplift Corporation GmbH, a consortium of investors from Europe and North America. The deal involves the acquisition of the operating assets of Lilium's subsidiaries, Lilium GmbH and Lilium eAircraft GmbH. The agreement, which is expected to close in early January, will enable Lilium to restart its business operations. Previously, on December 20, 2024, Lilium had laid off approximately 1,000 employees due to financial difficulties. However, following the investment deal, the company plans to rehire 775 of these workers. The investment, facilitated by KPMG, is seen as a breakthrough for Lilium, which had been struggling to find funding after filing for insolvency in October. The company has already received 1.5 billion Euros in investments and has secured around 700 orders for its electric aircraft.
View original story
Similar markets
Profit increase • 25%
Profit decrease • 25%
Loss increase • 25%
Loss decrease • 25%
Profitable • 25%
Break-even • 25%
Loss less than $500 million • 25%
Loss more than $500 million • 25%
Below $50 million • 25%
$50 million - $99 million • 25%
$100 million - $149 million • 25%
$150 million or above • 25%
Increase by more than 20% • 25%
Increase by 10%-20% • 25%
No significant change • 25%
Decrease • 25%
Exceeds expectations • 25%
Meets expectations • 25%
Below expectations • 25%
Significantly below expectations • 25%
Profit increase • 25%
Profit decrease • 25%
Loss reduction • 25%
Loss increase • 25%
Increase by more than 20% • 25%
Increase by 0-20% • 25%
Decrease by 0-20% • 25%
Decrease by more than 20% • 25%
Less than $50M • 25%
$50M to $100M • 25%
$100M to $200M • 25%
More than $200M • 25%