Finance, Taxes, Insurance
German Officials Start Due Diligence For Lilium's Loan Guarantees
New funding of at least €100 million may soon be released for the eVTOL aircraft manufacturer
Lilium's eVTOL aircraft
Lilium hopes it is now closer to securing further funding to complete development and type certification of its eVTOL aircraft.

Lilium is edging closer in securing access to loan guarantees that will support work bringing its eVTOL aircraft to market, with Germany’s federal government and the state of Bavaria having commissioned state development bank KfW in Frankfurt to conduct due diligence on the company. Announcing the news on Wednesday, CEO Klaus Roewe said he anticipates a “swift process” with Lilium aiming for a secured loan of at least €100 million ($108 million).

In late April, Munich-based Lilium and another German eVTOL developer Volocopter were told that Bavarian officials had stalled approval for loan guarantees. At the time, this prevented Germany’s Ministry for Digital and Transport from giving the green light for its share of the funding.

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