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About Lilium N.V.
Lilium N.V. (NASDAQ: LILM) is a Munich-based aviation company revolutionizing regional air mobility (RAM) through the development of its all-electric vertical take-off and landing (eVTOL) jet. Founded in 2015, Lilium aims to create a sustainable and accessible mode of high-speed transportation for people and goods, offering a transformative alternative to traditional aviation and ground transport systems. The company's flagship product, the Lilium Jet, is designed to deliver exceptional performance with zero operating emissions, low noise, and high passenger capacity, addressing the growing global demand for efficient, eco-friendly transportation solutions.
Core Business and Technology
At the heart of Lilium's operations is the Lilium Jet, an eVTOL aircraft that utilizes a proprietary ducted electric fan propulsion system. This innovative design prioritizes aerodynamic efficiency, enabling the aircraft to achieve vertical take-off and landing capabilities while maintaining high-speed forward flight. The Lilium Jet is optimized for regional travel, with an estimated range of up to 300 kilometers (186 miles) and a top speed of 300 kilometers per hour (186 mph). Its electric propulsion system ensures zero emissions, aligning with global efforts to decarbonize the aviation industry.
Lilium's engineering and manufacturing teams adhere to rigorous aerospace standards, leveraging expertise from a leadership team responsible for delivering some of the most successful aircraft in aviation history. The company has also established advanced testing facilities, such as its Electrical Power System Lab (EPSL), to validate the safety and performance of its powertrain and other critical systems.
Market Position and Partnerships
Lilium operates within the advanced air mobility (AAM) sector, a rapidly evolving industry projected to play a pivotal role in the future of transportation. The company collaborates with global aerospace, technology, and infrastructure leaders to develop the necessary ecosystems for eVTOL operations. These partnerships extend to regional governments and regulatory bodies, where Lilium contributes to shaping the frameworks required for integrating eVTOL aircraft into existing airspace and transportation networks.
With announced sales and indications of interest from operators in Europe, the United States, China, Brazil, the United Kingdom, the United Arab Emirates, and Saudi Arabia, Lilium is positioning itself as a key player in the global AAM market. Its potential applications range from passenger transport to logistics, offering versatile solutions for urban and regional mobility challenges.
Challenges and Competitive Landscape
While Lilium's vision is ambitious, the company faces significant challenges, including regulatory approval processes, high development costs, and the need for substantial capital investment to scale manufacturing. The eVTOL market is highly competitive, with major players like Joby Aviation, Archer Aviation, and traditional aerospace companies vying for market share. Lilium differentiates itself through its unique ducted fan technology, which offers advantages in noise reduction and operational efficiency.
Operational Model
Lilium's business model extends beyond aircraft manufacturing. The company is actively involved in establishing the infrastructure required for eVTOL operations, including vertiports and charging facilities. By working closely with partners and stakeholders, Lilium aims to create a seamless end-to-end transportation solution that integrates with existing mobility systems.
As an innovator in electric aviation, Lilium is contributing to the broader decarbonization of the industry, aligning with global sustainability goals. Its focus on safety, efficiency, and environmental impact underscores its commitment to redefining regional transportation.
Lilium, SEA Milan Airports, and Skyports Infrastructure have signed a Memorandum of Understanding (MoU) to develop a passenger eVTOL network in Italy's Lombardy region. The partnership aims to launch vertiport operations by 2027, with SEA as the majority shareholder, Skyports providing infrastructure expertise, and Lilium contributing its pioneering Lilium Jet.
The initial route will connect Milan Malpensa Airport to Milan city center, enhancing regional connectivity. SEA, Skyports, and 2i Aeroporti are forming a joint venture for vertiport development and operations in Lombardy and Italy. This collaboration aligns with Italy's proactive stance on Innovative Air Mobility, supported by ENAC's comprehensive national rulebook for VTOL-capable aircraft.
Saudi Arabia's General Authority of Civil Aviation (GACA) and Lilium N.V. (NASDAQ: LILM) have signed a memorandum of understanding (MoU) to develop and implement eVTOL regulations in Saudi Arabia, targeting operations by 2026. The partnership includes:
1. Establishing a joint Working Group to prepare regulations
2. Creating sub-groups for infrastructure, air operations, airworthiness, and airspace integration
3. Collaborating on Saudi Arabia's Advanced Air Mobility (AAM) Roadmap
Lilium, with its extensive regulatory experience, will support GACA in this initiative. The agreement aligns with Saudi Arabia's Vision 2030 and aims to advance innovative and sustainable air mobility solutions in the Kingdom.
Lilium N.V. (Nasdaq: LILM) has announced the next phase of its POWER-ON Aftermarket Services portfolio, introducing a comprehensive suite of digital solutions for efficient operation of the Lilium Jet. This expansion includes:
1. Flight planning and aircraft performance solutions
2. Customer portal with technical publications access
3. Health monitoring and ground operations systems
4. AI-integrated functions for improved workflows
These digital systems are important for the Lilium Jet's planned entry into service in 2026. The company is collaborating with industry leaders like Microsoft, Amadeus, and GE Aerospace to develop and integrate various solutions, including cloud-based health monitoring, passenger check-in systems, and flight data monitoring. This initiative aims to set new standards in the Regional Air Mobility market, ensuring safe, efficient, and seamless operations for Lilium Jet operators.
Saudia Group and Lilium N.V. (NASDAQ: LILM) have signed a binding sales agreement for 50 Lilium Jets, with options for 50 more. This marks the largest eVTOL aircraft order in the MENA region and by an airline planning to operate the aircraft. The agreement includes deposit schedules, delivery timelines, performance guarantees, and maintenance provisions.
Saudia Group aims to pioneer sustainable premium aviation in Saudi Arabia, aligning with Saudi Vision 2030. The eVTOL jets will offer faster regional travel, reducing journey times by up to 90%. They will support Hajj and Umrah pilgrimages, improve access to events, and enhance tourism. Saudia Private, a subsidiary, will manage operations, with the first jets expected in 2026.
The Lilium Jet will feature premium cabins for up to six passengers. This agreement expands Lilium's order pipeline to 106 firm orders, 76 options, and about 600 aircraft under MOU.
Saudia Group and Lilium N.V. (NASDAQ: LILM) have signed a binding sales agreement for 50 Lilium Jets, with options for 50 more. This marks the largest eVTOL aircraft order by an airline in the MENA region. The agreement includes deposit schedules, delivery timelines, and performance guarantees. Saudia Group aims to deploy these jets by 2026, managed by Saudia Private, to enhance regional connectivity and support tourism, business travel, and pilgrimages. The Lilium Jet, with a capacity for six passengers, is expected to reduce regional travel times by up to 90%. This partnership aligns with Saudi Vision 2030 and Saudia Group's commitment to sustainable aviation. Lilium's order pipeline now includes 106 firm orders, 76 options, and about 600 aircraft under MOU.
Lilium (NASDAQ: LILM), a leading electric aircraft manufacturer, has reaffirmed its 2026 target for first customer deliveries of the Lilium Jet. The company provided additional details on its testing program:
- First aircraft (MSN 1) will be used for ground testing starting in a few weeks
- Second aircraft (MSN 2) will undergo ground testing in fall and perform the first manned flight in early 2025
- Three aircraft will be in production by year-end
- Full structural aircraft for static tests will be available in fall
- Engineering simulator developed by FlightSafety International to be delivered early 2025
Lilium is also preparing operational support with a Flight Crew Training Simulator and its support and services organization, Lilium POWER-ON. The company continues to make progress on certification, training devices, and customer support services.
Lilium (Nasdaq: LILM), a leader in electric aircraft manufacturing, has completed its first series of tests on its electric jet propulsion unit. The tests, conducted at Lilium's headquarters near Munich, Germany, saw the electric engines taken to maximum thrust, demonstrating expected performance and reliability. The propulsion unit includes two engines and was developed in collaboration with suppliers like Denso, Honeywell, Aeronamic, and SKF.
This milestone brings Lilium closer to zero-emission flights, manned flights, and commercial service entry. Lilium is gearing up for series production, with their first propulsion mounting system built by Aernnova, and the first servo-actuators delivered by Sener. Upcoming propulsion units will be used for ground testing and integration into the first flight aircraft.
Lilium N.V. (Nasdaq: LILM), a key player in electric aircraft manufacturing and Regional Air Mobility (RAM), has shared its Q1 2024 progress in a shareholder letter. Highlights include significant advancement in the production of Lilium Jets and the start of battery pack production. Testing is underway for the first manned flight and certification, with the commercial order pipeline growing to over 780 aircraft. Key orders were received from UrbanLink and eVolare. Lilium expanded its support network by partnering with Aéroports de la Côte d’Azur, UrbanV, and Atlantic Aviation. The company concluded a successful $114 million fundraise and initiated due diligence for a loan guaranteed by the German Federal Government and the State of Bavaria. Discussions with the French government for a similar loan are also in progress.
Lilium (NASDAQ: LILM), a pioneer in regional air mobility, has signed a collaboration agreement with Shenzhen's Bao’an District, establishing its APAC headquarters in the region. This marks Lilium as the first European eVTOL manufacturer to operate in the district. The headquarters will support Lilium Jet sales, services, and certification in China, contributing to the local low altitude economy and creating jobs in Shenzhen. The partnership focuses on the Guangdong–Hong Kong-Macao Greater Bay Area, with plans to expand across China and the Asia-Pacific region. This collaboration will help Lilium navigate local regulatory environments and infrastructure, aiming to capture a significant share of the global eVTOL market, projected to account for 25%.
Lilium N.V. (NASDAQ: LILM) announced the release date for its First Quarter 2024 Shareholder Letter, set for June 11, 2024, prior to market open. A conference call will follow at 8:00 a.m. EDT on the same day. The call can be accessed via the Lilium investor relations website. Lilium is collaborating with Say Technologies to facilitate Q&A sessions with both retail and institutional shareholders. Starting June 3, 2024, shareholders can submit and upvote questions at Say Technologies' platform until 24 hours before the call. For inquiries, shareholders can contact support@saytechnologies.com. Investor and media contacts have been provided for further communications.
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