Lilium N.V. (LILMW) develops electric vertical take-off and landing (eVTOL) aircraft for high-speed regional air mobility of passengers and goods; offers the Lilium Jet, a seven-seater eVTOL with ducted electric vectored thrust technology, battery systems, lightweight materials, sensors, computing power, and propulsion; provides vertiports, digital services including online booking platforms for reservations and passenger data collection, and aircraft manufacturer support encompassing training, maintenance operations, material management, global distribution, flight operations support, and ground service equipment. Founded in 2015 and headquartered in Gauting, Germany, the company operates primarily from manufacturing and production facilities near Munich, with teams across Europe and the United States; targets operators and customers in Europe, the United States, China, Brazil, the United Kingdom, the United Arab Emirates, Saudi Arabia, South America, Asia, and the Middle East. In late 2024, Lilium's German subsidiaries Lilium GmbH and Lilium eAircraft GmbH entered self-administration insolvency proceedings amid funding challenges, terminating employee contracts on December 20; signed an asset purchase agreement on December 24 with Mobile Uplift Corporation GmbH, backed by European and North American investors, to acquire operating assets for an expected early January 2025 closing subject to creditor and court approvals, enabling business restart with planned employee rehiring and €200 million investment injection; creditor committee approved the deal by early 2025, positioning the subsidiaries to exit proceedings, while Lilium N.V. initiated winding-up processes.