The Lilium Jet consumes 10 times more power in hover than in cruise.
Credit: Lilium
For the past couple of years, Lilium has struggled to raise enough funds to remain competitive. It may now be nearing the end of the road. The electric-vertical-takeoff-and-landing (eVTOL) startup filed for insolvency for its two German subsidiaries on Oct. 24, a process under which Lilium can...
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