Lilium NV
NASDAQ:LILM
Lilium NV
Lilium NV engages in manufacturing electric vertical take-off and landing jets. The company is headquartered in Wessling, Bayern and currently employs 964 full-time employees. The company went IPO on 2020-11-23. The firm is focused on developing an electric vertical takeoff and landing (eVTOL) aircraft for use in air transport system for people and goods that offers connectivity. The firm's product is an electric, seven-seater jet aircraft that take-off and land vertically with low noise, which is called as the Lilium Jet. Its eVTOL aircraft is made up of battery technology, lightweight materials, sensors and computing power and propulsion technology. The firm's Lilium Jet architecture is based on Ducted Electric Vectored Thrust (DEVT) technology. DEVT consists of electric turbofans mounted within a cylindrical duct. The firm also operates a digital platform, which provides integration between Lilium Jets and its vertiports. Its online booking channels help customers find suitable flights, make reservations, select related travel products and collect necessary passenger information.
Lilium NV engages in manufacturing electric vertical take-off and landing jets. The company is headquartered in Wessling, Bayern and currently employs 964 full-time employees. The company went IPO on 2020-11-23. The firm is focused on developing an electric vertical takeoff and landing (eVTOL) aircraft for use in air transport system for people and goods that offers connectivity. The firm's product is an electric, seven-seater jet aircraft that take-off and land vertically with low noise, which is called as the Lilium Jet. Its eVTOL aircraft is made up of battery technology, lightweight materials, sensors and computing power and propulsion technology. The firm's Lilium Jet architecture is based on Ducted Electric Vectored Thrust (DEVT) technology. DEVT consists of electric turbofans mounted within a cylindrical duct. The firm also operates a digital platform, which provides integration between Lilium Jets and its vertiports. Its online booking channels help customers find suitable flights, make reservations, select related travel products and collect necessary passenger information.
Funding Progress: Lilium raised $114 million in new capital and is in advanced funding talks with the German and French governments for additional, potentially non-dilutive, loans.
Production Milestones: The company began production of its first Lilium Jets and its aviation-grade battery packs, advancing toward its first piloted flight target by late 2024.
Order Pipeline: Lilium's order pipeline has grown to over 780 jets, including firm orders with pre-delivery payments and new partnerships in the US, UK, and France.
Certification Path: Lilium remains on track for EASA type-certification and entry into service in 2026, expanding test facilities and passing key compliance milestones.
Cash Position: As of March 31, Lilium had EUR 102 million ($110 million) in cash, not including the latest capital raise. First-half 2024 adjusted cash spend is expected between EUR 185 million and EUR 195 million.
Aftermarket Strategy: Lilium launched its POWER-ON service business and expanded infrastructure partnerships in key European and US markets to support aircraft deployment.
