Lithuanian Car Rental Platform Sigvi Secures €1.2 Million in Pre-Seed Funding

Lithuanian startup Sigvi, an AI‑powered platform that lets independent fleet operators rent cars automatically, secured €1.2 million in pre‑seed funding led by Superhero Capital. The capital will be used to enhance its AI‑driven rental technology and grow its vehicle network, building on its recent launch in Poland where it manages over 200 cars.

German eVTOL Startup Lilium Files for Insolvency After Major Funding Deals Collapse

Lilium, the German eVTOL startup that aimed to revolutionise regional air transport, ran out of cash after a €100 million state‑guaranteed loan collapsed and a €150 million investment never materialised. The company entered insolvency in October 2024, giving it three months to find new backers, but it ultimately could not, leading to the shutdown of its facilities and the scrapping of its jets.