electric aircraft

Electric aircraft startup Lilium ceases operations, 1,000 workers laid off

Transportation /

Lilium, once a darling in the nascent industry of electric aircraft that raised more than $1 billion before going public, has ceased operations and laid off about 1,000 workers after efforts to gain financing and exit insolvency failed. The publication Gründerszene was the first to report the layoffs. Lilium co-founder and CEO Patrick Nathen confirmed […]

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Pyka fields interest from defense as $40M round goes to scaling up its electric autonomous planes

Transportation /

Autonomous electric aviation startup Pyka is working hard to scale up its crop-dusting and cargo plane lines, but it has attracted a lucrative new suitor: the Pentagon. The promise of a climate-friendly dual-use self-flying plane was also too great for investors to resist, resulting in a new $40 million B round. Pyka started in 2019

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