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Lilium has commenced construction of a state-of-the-art test facility at its Munich headquarters, in collaboration with SEGULA Technologies. The 26,000 sq. ft. facility will play a important role in the certification of the Lilium Jet, an all-electric vertical take-off and landing (eVTOL) aircraft. Slated to become operational by late Summer 2024, the facility will be used for system integration testing and to simulate flights under various conditions. This development, alongside the ongoing construction of the first Lilium Jet, is aimed at achieving first piloted flight by the end of 2024 and type certification thereafter. The facility will feature advanced systems for aerodynamic testing, including a 1.2-megawatt blower capable of simulating winds up to 40 mph. The project leverages SEGULA's expertise in test rigs and simulations, involving a multidisciplinary team from Germany and France. Lilium holds EASA Design Organization Approval, enabling independent compliance testing.
Lilium has announced that the German Federal Government and the Free State of Bavaria have tasked KfW, a state development bank, to conduct due diligence on Lilium. This is a move towards securing public support for the company.
Lilium targets a minimum of €100 million in loans guaranteed by the federal government and Bavaria.
CEO Klaus Roewe expects a swift due diligence process and highlights the importance of electrification in decarbonizing the industry.
Lilium, founded in 2015, is a pioneering eVTOL aircraft manufacturer, with over 1,000 employees and a strong European footprint.
The company plans to expand operations to France and has an order pipeline of over 780 Lilium Jets, with initial production beginning in 2023 and entry into service expected by 2026.
Estimates suggest the global eVTOL market could reach $1 trillion by 2040.
Lilium N.V. is in advanced discussions with the French government to expand its industrial footprint in France, potentially creating up to 850 new jobs. The expansion aims to boost production capacity for the Lilium Jet, with a total investment of up to €400 million. The company is attracted by France's aerospace expertise, skilled workforce, and favorable government environment.
Lilium N.V. (NASDAQ:LILM) announces a firm order of 20 Lilium Jets from U.S. operator UrbanLink, with an option for 20 more, marking a milestone in aviation. UrbanLink becomes the first U.S. airline committed to integrating eVTOL aircraft into its fleet, starting operations in South Florida. The partnership signifies the acceleration of AAM in the region, targeting service launch in 2026.
Lilium N.V. (NASDAQ: LILM) announced the first public unveiling of the full-scale Lilium Jet model at EBACE2024 in Geneva, showcasing the all-electric vertical take-off and landing jet designed for sustainable regional aviation. The event will feature the Lilium Jet charging infrastructure and a flight simulator experience for visitors, highlighting the company's innovative approach to air mobility.
