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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) announced plans to release its Fiscal Year 2022 Business Update on March 28, 2023, prior to market opening. The forthcoming Shareholder Letter will detail Lilium's advancements towards significant milestones, such as the commencement of production for its type-conforming aircraft. Investors can access this letter on Lilium's Investor website. Lilium is focused on creating sustainable transport solutions through its all-electric vertical take-off and landing jet, which aims to facilitate decarbonization in air travel. The company is actively collaborating with industry leaders in launching networks in Germany, the U.S., and Brazil.
Lilium N.V. (NASDAQ: LILM) has partnered with Collins Aerospace to develop the flight control inceptors for the Lilium Jet, an innovative all-electric vertical take-off and landing aircraft. This collaboration aims to leverage Collins' 50 years of cockpit control experience in the aerospace sector. The new sidestick system will enhance pilot control with improved safety, ergonomic design, and significant weight and space efficiency. As part of their strategy to work with established aerospace suppliers, Lilium looks to strengthen its certification process and industrial ramp-up. The partnership is expected to facilitate commercialization and bolster operational safety in advanced air mobility.
Lilium N.V. (NASDAQ: LILM) has announced a partnership with GKN Aerospace to design and build an integrated and certifiable Electrical Wiring Interconnection System (EWIS) for the Lilium Jet. GKN will manufacture the EWIS hardware sets and assist with on-site installation as final assembly of the Lilium Jet commences in 2023. This collaboration covers the design of both low voltage and high voltage connections, ensuring safety and efficiency for the aircraft. Lilium has secured additional agreements for various components essential for the aircraft's development, aiming for sustainable regional transportation.
Lilium N.V. (NASDAQ: LILM), a pioneer in all-electric vertical take-off and landing (eVTOL) jets, has appointed Oliver Vogelgesang as CFO and Sebastien Borel as CCO, effective immediately. Vogelgesang succeeds Geoffrey Richardson, who led the company through its NASDAQ listing and secured a $119 million capital raise in Q4 2022. With extensive aerospace and finance backgrounds, both new executives have significant roles in Lilium's future growth strategy. Vogelgesang previously worked at Airbus, while Borel finalized orders for over 600 aircraft during his tenure. The leadership transition aims to enhance Lilium's mission of accelerating aviation's decarbonization.
Lilium N.V. (Nasdaq: LILM) has shared its Q3 Business Update, highlighting key developments including a commercial contract with eVolare for 10 aircraft and a breakthrough agreement in the Middle East with SAUDIA for up to 100 aircraft, raising its total order pipeline to 603. The successful fundraising round yielded $119 million, and significant progress in Type Certification has been made with 80% of plans submitted to EASA. However, liquidity at end of Q3 dropped to €160 million from €229 million in Q2, with cash spend at €69 million.
Lilium N.V. (NASDAQ: LILM) has announced a contract with eVolare for the delivery of ten Lilium Pioneer Edition Jets, with an option for ten more. eVolare will operate from its Oxford base to serve the Greater London area, acting as Lilium's lead partner in the UK for private jet sales. The Lilium Pioneer Edition, a limited-edition aircraft aimed at environmentally conscious customers, offers a customizable cabin and premium service. This collaboration positions Lilium to tap into the growing demand for sustainable air mobility in the UK.
Lilium N.V. (NASDAQ: LILM) announced plans to release its Third Quarter Fiscal Year 2022 Business Update on December 6, 2022. A conference call and webcast will be held at 8:00 a.m. EST on the same day, with access provided through Lilium's investor relations website. Lilium aims to create sustainable regional transportation through its all-electric vertical take-off and landing jet. The company, founded in 2015, is headquartered in Munich and has over 800 employees, including around 450 aerospace engineers dedicated to advancing air travel.
Lilium N.V. (Nasdaq: LILM) has successfully closed a $119 million capital raise, attracting existing shareholders and new investors, including Honeywell and Tencent. The funds will bolster Lilium's balance sheet and support its commercialization efforts, such as signing customer agreements and initiating aircraft assembly for flight tests. CEO Klaus Roewe expressed optimism about the strong support received in a challenging market. The capital raise involved both private placement and registered direct offering, with plans to fund operations and development of the Lilium Jet.
Lilium N.V. (Nasdaq: LILM) has announced a successful capital raise of $119 million, with participation from major investors like Honeywell, Tencent, and new CEO Klaus Roewe. The capital will be raised through a private placement and registered direct offering, involving the issuance of 91,524,936 Class A ordinary shares at $1.30 each, along with warrants for 45,762,463 shares. The offerings are expected to close on November 22, 2022. This fundraising aims to accelerate Lilium's efforts in developing its all-electric vertical take-off and landing jet.
Lilium N.V. (NASDAQ: LILM) shareholder approval was secured at the company’s inaugural General Meeting, affirming Klaus Roewe as Executive Director and expressing overwhelming support for seven re-elected Non-Executive Directors. Approximately 81% of voting rights were represented, with all agenda items passing by over 97%. Thomas Enders, Chairman of the Board, emphasized confidence in Roewe's leadership in developing the eVTOL jet, aimed at revolutionizing regional transport with sustainable, high-speed options.
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