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0 0.000232779189540602 -1.93982657949927E-05 -1.93982657949927E-05 -0.00777870458381017 -0.0116583577428177 -0.0135981843223214 -0.0135787860565264
Stock impact report

Electric Air Taxi Start-Up Lilium Has Run Out of Money [Yahoo! Finance]

Joby Aviation, Inc. (JOBY) 
Company Research Source: Yahoo! Finance
The firm, which launched in 2015, has been one of the global leaders in the burgeoning electrical vertical takeoff and landing sector. It had previously announced orders for 780 Lilium Jets for operators in the U.S., Europe, South America, Middle East, and Asia. Lilium's decision to go into “self-administration” follows the German national parliament's denial of a loan guarantee that was conditional for the start-up's next round of fundraising, as well as the Bavarian government not approving a loan for €50 million (about $54 million), the company said. Lilium said it was in advanced discussions with the French government to guarantee a €219 million ($237 million) loan to finance a battery factory and assembly line in France. More from Robb Report Toyota Just Invested $500 Million in Electric Air-Taxi Maker Joby I Learned How to Fly This Electric Aircraft in a Week-and I Didn't Need a License Editor's Letter: Inside Robb Report's September Style Issue The company has 1,000 Show less Read more
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