Welcome to our dedicated page for Lilium N.V. news (Ticker: LILM), a resource for investors and traders seeking the latest updates and insights on Lilium N.V. stock.
Lilium N.V. (NASDAQ: LILM) is a pioneering aviation start-up headquartered in Munich, Germany, focused on revolutionizing regional air mobility. Established in 2015 by Daniel Wiegand, Sebastian Born, Patrick Nathen, and Matthias Meiner, Lilium aims to develop and manufacture the world’s first fully electric vertical take-off and landing (eVTOL) jet. The Lilium Jet, with its estimated range of up to 300 km and a top speed of 300 km/h, offers a zero-emissions, efficient, and eco-friendly solution for individual transportation.
By employing advanced technologies, Lilium has created the 7-Seater Lilium Jet, designed for high performance, low noise, and maximum capacity. This innovative aircraft is central to Lilium's mission to build a sustainable high-speed transportation network for both people and goods, liberating urban areas from traffic congestion and reducing pollution.
In recent developments, Lilium has made significant strides in its partnerships and financial milestones. The company recently secured meaningful participation from existing shareholders and insiders, which propels it closer to achieving its first manned flight of the Lilium Jet, targeted for late 2024. Additionally, Lilium has expanded its partnership with eVolare in the UK, aimed at developing a network of vertiports and operational infrastructure to support the Lilium Jet.
The company has also aligned with Luxaviation Group, leveraging Luxaviation's extensive global network of Fixed Based Operations (FBOs) to create electrified ground infrastructure for the Lilium Jet in key markets across Europe and the Middle East. This collaboration is set to enhance Lilium's operational network and advance the decarbonization of regional air transport.
Financially, Lilium continues to fortify its position with ongoing support from investors and stakeholders. The company's innovative vision and technological advancements have positioned it as a key player in the future of urban air mobility.
Products and Services:
- Lilium Jet: A fully electric VTOL jet designed for high-speed regional transport.
- Lilium Network: A developing transport network aimed at integrating the Lilium Jet into urban and regional transportation systems.
With a workforce comprising over 1,000 professionals, including approximately 500 aerospace engineers, Lilium is committed to making sustainable, high-speed air travel a reality. The company’s ongoing projects, strategic partnerships, and engineering excellence underscore its potential to transform the aviation industry.
Lilium N.V. (NASDAQ: LILM) has signed a significant agreement with Helity Copter Airlines to create an eVTOL network in Andalusia, Spain. Helity plans to purchase five Lilium Jets to enhance premium and business charter flight services. The Lilium Jet boasts a range of 250 km and low noise emissions, positioning it well for the region's transportation needs. Both companies aim to develop sustainable aerial mobility, leveraging Helity's local expertise and Lilium's innovative technology. The arrangement is subject to final agreements and certain conditions.
Lilium N.V. (NASDAQ: LILM) has entered into an agreement with AAP Aviation Group AS to establish an eVTOL network in Scandinavia, beginning in Norway. AAP Aviation plans to purchase 40 Lilium Jets and work with Lilium to develop landing sites. The collaboration aims to enhance sustainable travel options and capitalize on the growing demand for on-demand aviation services. The Lilium Jet, designed for four to six passengers, boasts a range of approximately 250 km and is expected to significantly reduce travel time. The agreement is subject to finalizing commercial terms.
Lilium N.V. (NASDAQ: LILM) has entered an agreement with ASL Group to enhance sustainable air mobility in the Benelux region. ASL Group plans to purchase 6 Lilium Jets and collaborate on establishing landing sites. This partnership aims to create a safe eVTOL network across Belgium, the Netherlands, Luxembourg, and parts of Western Germany. The Lilium Jet, known for zero operating emissions and vertical take-off capabilities, aligns with ASL's commitment to ecological responsibility. The deal is pending final agreements and conditions.
Bristow Group and Lilium N.V. have announced a strategic partnership involving the purchase of 50 Lilium all-electric jets. The partnership aims to provide maintenance services in Florida and other U.S. and European markets.
The memorandum of understanding allows Bristow to develop a maintenance program and become an authorized service provider for Lilium. This collaboration marks significant progress for Lilium in the vertical flight market, emphasizing their joint commitment to innovative and sustainable aircraft solutions.
Astronics Corporation (ATRO) has been selected by Lilium N.V. (LILM) to design and develop key components for the Lilium Jet’s energy management system, specifically the electrical power distribution units. This partnership emphasizes Astronics' expertise in high voltage products and supports Lilium's goal of creating sustainable air travel solutions. The agreement, reached after a year of collaboration, aims to enhance aircraft safety and efficiency. Both companies are poised to capitalize on advancements in the aerospace industry.
Lilium N.V. (NASDAQ: LILM) has partnered with Astronics Corporation (NASDAQ: ATRO) to develop the electrical power distribution system for the Lilium Jet. This collaboration marks a significant step in the industrialization of the jet, with Astronics responsible for Secondary Power Distribution Units (SPDU) and Charging Power Distribution Units (CPDU). Each Lilium Jet will contain two SPDUs and one CPDU, enhancing aircraft safety and efficiency. The agreement follows extensive collaboration between the companies and indicates Lilium's focus on sustainable air travel solutions.
Lilium N.V. (NASDAQ: LILM) has partnered with French manufacturer Expliseat to create pilot and passenger seats for its innovative eVTOL jet. Expliseat specializes in lightweight aviation seating using advanced materials, leading to seats that are 35% lighter than traditional aluminum seats without compromising comfort. This collaboration aims to enhance passenger experience while optimizing weight efficiency, contributing to sustainable aviation. The seats are compliant with industry safety standards, showcasing Lilium's commitment to high-performance, environmentally friendly air travel.
Lilium N.V. (NASDAQ: LILM) announced a major milestone as its technology demonstrator, Phoenix 2, successfully completed main wing transition, marking it as the first full-size electric jet to transition from hover to wing-borne flight. This achievement validates Lilium's proprietary Flight Dynamics Model, indicating stable behavior during the transition. The company's flight test campaign will continue throughout the summer to further expand the aircraft's flight envelope. Lilium aims to revolutionize regional transportation with its all-electric eVTOL jet, prioritizing sustainability and zero emissions.
Lilium has entered into a research and development collaboration with Livent, a leader in lithium technology, to enhance lithium metal technology for high-performance battery cells. This agreement aims to secure vital access to advanced battery technology necessary for Lilium's all-electric vertical take-off and landing jets. The collaboration reflects Lilium's commitment to innovation in regional air travel and sustainability, leveraging Livent's expertise in environmentally responsible lithium production.
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