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Investors rally behind Lilium amid funding setback from German Government

Summary by Zag
After over a year of negotiations with the German government for a state-backed loan guarantee, electric air taxi startup Lilium now faces significant financial uncertainty following a critical decision by the Bundestag’s budget committee. Despite broad support from over 650 founders and investors, the German federal government has decided against backing Lilium’s proposed €100 million convertible loan. This decision leaves the Bavarian company’…
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