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Lilium N.V. - $LILM STOCK NEWS

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.

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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.

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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%.

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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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Lilium (NASDAQ: LILM), a developer of all-electric vertical take-off and landing jets, has successfully raised $114 million in capital.

The funds will support the company's operations and its goal to achieve the first manned flight test of the Lilium Jet by late 2024.

The capital was raised through three transactions: a $40 million public offering of Class A ordinary shares and warrants, a $50 million private placement of shares and warrants with strategic and existing investors, and a $24 million private placement with Aceville Pte. , an affiliate of Tencent Holdings

Key investors include BIT Capital and Earlybird Venture Capital. The public offering was underwritten by B. Riley Securities, Inc.

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Lilium and eVolare have signed binding sale and purchase agreements for 4 Lilium Jets, with options for up to 12 additional aircraft, potentially bringing the total to 16 jets. This collaboration marks a significant step in the development of regional air mobility (RAM) in the UK.

eVolare, a subsidiary of Volare Aviation, aims to operate these jets in the London area and connect the city with its surroundings. The agreements include detailed delivery schedules, guarantees, and financial terms. This follows an initial agreement in 2022, showcasing the strengthened partnership and plans for a network of vertiports.

eVolare's founder, Dustin Dryden, and Lilium's CCO, Sebastien Borel, emphasized the strategic benefits and mutual growth from this partnership, noting eVolare's expertise and Lilium's comprehensive support ecosystem, including regulatory assistance and infrastructure development.

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Lilium has expanded its partnership with Luxaviation Group to enhance ground infrastructure for the Lilium Jet across Europe and the Middle East. Luxaviation's subsidiary, ExecuJet, will utilize its network of Fixed Base Operations (FBOs) to support these efforts. ExecuJet's recent growth to 141 FBOs, following the acquisition of Sky Valet, will be pivotal in this expansion. The partnership aims to develop electrified ground infrastructure, starting with locations like Aix-en-Provence in France, through a collaboration with EDEIS. This initiative aligns with Luxaviation's decarbonization plans and Lilium's mission for sustainable regional air mobility. The partnership, ongoing since 2022, signifies a move from development to deployment in advanced air mobility.

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Lilium, in partnership with UrbanV and Aeroports de la Côte d'Azur, aims to launch a network of eVTOL (electric Vertical Take-Off and Landing) jets in the French Riviera by 2026. The network will connect Monaco, Nice, Cannes, Golfe de Saint-Tropez, Aix-en-Provence, and Marseille. This initiative is set to provide a sustainable, low-noise air travel option, enhancing regional transportation and supporting the Côte d'Azur's goal of carbon neutrality by 2030. Lilium is in discussions with local partners and operators to finalize the network's development and jet sales.

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Lilium has announced the pricing of a $114 million financing, which includes a $40 million public offering and a $50 million private placement. The financing involves the sale of Class A ordinary shares and accompanying warrants to purchase additional shares. Major investors include BIT Capital, Earlybird Venture Capital, and Aceville Pte. , an affiliate of Tencent Holdings. The funds will support Lilium's development and operations, with an emphasis on progressing towards the first manned flight of the Lilium Jet in late 2024. The public offering is expected to close on May 29, 2024, while the private placement will close in two stages on May 31, 2024, and June 28, 2024. B. Riley Securities serves as the sole bookrunner for the public offering.

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Lilium announced the launch of an underwritten public offering of its Class A shares and warrants, alongside a concurrent private placement (PIPE) involving notable investors like BIT Capital and Tencent affiliate Aceville Pte.

Aceville will also receive a pre-funded warrant and an additional PIPE warrant, subject to shareholder approval and customary conditions. The offering will be managed by B. Riley Securities.

The proceeds from these offerings will fund Lilium's development operations and general corporate purposes. The underwritten public offering is contingent on market conditions and regulatory approvals, and a preliminary prospectus will be available through the SEC's website.

The shares in the PIPE will be sold at $1.05 per share, with warrants exercisable at $1.50 per share, expiring six years from issuance. The securities in the PIPE will not be registered under the Securities Act.

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Lilium has commenced construction of a state-of-the-art test facility at its Munich headquarters, in collaboration with SEGULA Technologies. The 26,000 sq. ft. facility will play a important role in the certification of the Lilium Jet, an all-electric vertical take-off and landing (eVTOL) aircraft. Slated to become operational by late Summer 2024, the facility will be used for system integration testing and to simulate flights under various conditions. This development, alongside the ongoing construction of the first Lilium Jet, is aimed at achieving first piloted flight by the end of 2024 and type certification thereafter. The facility will feature advanced systems for aerodynamic testing, including a 1.2-megawatt blower capable of simulating winds up to 40 mph. The project leverages SEGULA's expertise in test rigs and simulations, involving a multidisciplinary team from Germany and France. Lilium holds EASA Design Organization Approval, enabling independent compliance testing.

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FAQ

What is Lilium N.V.?

Lilium N.V. is an aviation start-up based in Munich, founded in 2015, focused on developing electric vertical take-off and landing (eVTOL) jets for regional air mobility.

What is unique about the Lilium Jet?

The Lilium Jet is fully electric, offers zero emissions, a range of up to 300 km, a top speed of 300 km/h, and is designed for high performance and low noise.

What are Lilium's recent achievements?

Lilium has secured significant financial participation from shareholders, expanded partnerships with eVolare and Luxaviation, and is on track for the first manned flight of the Lilium Jet by late 2024.

Who are Lilium’s key partners?

Key partners include eVolare in the UK and Luxaviation Group, which supports the development of electrified ground infrastructure across Europe and the Middle East.

What is the Lilium Jet used for?

The Lilium Jet is designed for high-speed, regional transportation of people and goods, offering a sustainable alternative to traditional modes of transport.

How many employees does Lilium have?

Lilium employs over 1,000 professionals, including approximately 500 aerospace engineers.

What are Lilium’s main products?

Lilium's main product is the Lilium Jet, an all-electric vertical take-off and landing jet. The company is also developing a network to integrate the jet into regional transport systems.

Where is Lilium headquartered?

Lilium's headquarters and manufacturing facilities are located in Munich, Germany, with additional teams across Europe and the U.S.

What is Lilium’s mission?

Lilium’s mission is to create a sustainable and accessible mode of high-speed, regional transportation, reducing urban congestion and pollution.

How can I get in touch with Lilium for media or investor inquiries?

For media inquiries, contact Rainer Ohler at press@lilium.com. For investor inquiries, contact Rama Bondada, Vice President of Investor Relations, at investors@lilium.com.

Lilium N.V.

Nasdaq:LILM

LILM Rankings

LILM Stock Data

476.16M
274.33M
49.61%
4%
3.31%
Aircraft Manufacturing
Manufacturing
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United States of America
Weßling

About LILM

lilium is a disruptive aviation start-up based in munich. co-founded in 2015 by daniel wiegand, sebastian born, patrick nathen and matthias meiner, the team brings together international world-class engineers and designers. the group shares the vision of a completely new type of individual transportation and is dedicated to develop and build the world’s first fully electric vertical take-off and landing (vtol) jet. an estimated range of up to 300 km and a top speed of 300 km/h, along with zero emissions make it the most efficient and eco-friendly individual means of transportation of our time. by providing ultra-redundancy, the lilium jet will also set new standards in safety. lilium aims at liberating towns and cities from today’s congestion and pollution, with people able to come and go freely, vastly expanding the radius of their everyday lives.