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.
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.
Lilium N.V. (NASDAQ: LILM) announced it will crowdsource questions from shareholders for its Q1 2022 business update on June 7, 2022. Starting May 26 and ending June 2, retail investors holding Lilium shares can submit and upvote questions via the Say Connect platform. The webcast will address selected questions from verified shareholders. Lilium aims to create sustainable air transportation with its all-electric Lilium Jet, promoting decarbonization in aviation and developing networks in Germany, the U.S., and Brazil.
Lilium N.V. (NASDAQ: LILM) has partnered with Aernnova, a prominent aerospace component manufacturer, to develop a critical component of the Lilium Jet, specifically its propulsion mounting system. This collaboration aims to enhance the jet’s efficiency and performance by utilizing advanced materials, including carbon fiber-reinforced epoxy. The partnership is a significant advancement towards the serial production of the Lilium Jet, which seeks to revolutionize regional air travel with sustainable, high-speed transportation solutions.
Lilium N.V. (NASDAQ: LILM), a pioneer in electric vertical take-off and landing jets, has partnered with Honeywell and DENSO to co-develop the electric motor for its Lilium Jet. This collaboration leverages Honeywell's aerospace expertise and DENSO's production capabilities to enhance the jet's performance and reduce operating costs with a unique air-cooled design. The e-motor features a lightweight design capable of producing over 100kW of power while maintaining zero emissions. This strategic alliance is expected to advance Lilium's goal of revolutionizing regional air mobility.
Lilium N.V. (NASDAQ: LILM) announced 37 new patent applications published by the European Patent Office on May 18, 2022. These patents focus on the core technology of the Lilium Jet across key areas such as Energy and Propulsion, with over 70% dedicated to these domains. This follows a total of 50 patents filed in 2021, as Lilium seeks to protect its innovations in Europe, the U.S., and China. CEO Daniel Wiegand emphasized the significance of these patents in reinforcing Lilium's leadership in eVTOL development and moving closer to the commercialization of the Lilium Jet.
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