Lilium BV

Lilium NV develops all-electric vertical take-off and landing jets. The firm focuses on developing an eVTOL aircraft for use in a new type of high-speed air transport system for people and goods. It uses the Lilium Jet, to offer low noise and high performance with zero operating emissions, and to accelerate the decarbonization of air travel. The company was founded on March 11, 2021 and is headquartered in Wessling, Germany.

GENEVA and MUNICH, Germany, May 29, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ:LILM), developer of the first all-electric vertical take-off and landing (eVTOL) jet and global pioneer in regional air mobility (RAM), today announced an expansion of its partnership with Luxaviation Group, one of the largest business aircraft and helicopter operators worldwide.

Lilium and Luxaviation Take Partnership to Next Phase Focused on Operations and Ground Infrastructure

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Lilium announced a large secondary stock sale earlier this month It also said it will soon have revenue from eVTOL sales, news that lifted its share price. Lilium is taking advantage of that stock price rise to sell even more shares.

Why Lilium Stock Just Crashed by 17%

Lilium N.V. (NASDAQ: LILM) is in focus this morning after announcing a $114 million financing.

Lilium announces $114 million financing

Financing sees meaningful participation from existing shareholders and company insiders, propelling Lilium towards first manned flight of the Lilium Jet targeted for late 2024 Financing sees meaningful participation from existing shareholders and company insiders, propelling Lilium towards first manned flight of the Lilium Jet targeted for late 2024

Lilium Announces Pricing of $114 Million Financing

MUNICH, Germany, May 23, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM) (“Lilium” or the “Company”), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet and global pioneer in Regional Air Mobility (RAM), announced today that it has launched an underwritten public offering of the Company's Class A ordinary shares (the “Shares”) and warrants to purchase Shares (the “Warrants” and, together with the Shares, the “Securities”), as well as a concurrent private placement offering of Shares and warrants to purchase Shares (“PIPE Warrants”) including to BIT Capital, Earlybird Venture Capital and Aceville Pte. Limited, an affiliate of Tencent Holdings Limited (“Aceville”), as well as certain Lilium board members (the “PIPE”). Additionally, the Company will issue to Aceville (i) a pro rata warrant to purchase Shares (the “Aceville Pre-Funded Warrant”) and Aceville has agreed to partially prepay a portion of the total exercise price of the Aceville Pre-Funded Warrant (the “Aceville Pre-Funding”) and (ii) an accompanying PIPE Warrant to purchase Shares, subject to satisfaction of customary closing conditions and the receipt of shareholder approval for an increase in the Company's authorized share capital.

Lilium Announces Launch of Offering of Class A Shares and Warrants

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Lilium (LILM) and Archer Aviation (ACHR) stock prices have crashed hard in the past few years, costing investors billions of dollars. Archer's shares have plunged by over 81% from the highest point in February 2021.

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MUNICH, Germany, May 16, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ:LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet and global pioneer in Regional Air Mobility (RAM), today announced it has started construction of an advanced test facility for integration and certification testing of the Lilium Jet. Designed in partnership with global engineering group SEGULA Technologies and located at Lilium's headquarters near Munich, Germany, the state-of-the-art facility is due to become operational in late Summer 2024.

Lilium Begins Construction of Certification Test Facility for the Lilium Jet with SEGULA Technologies

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MUNICH, Germany, May 15, 2024 (GLOBE NEWSWIRE) -- The Federal Government of Germany and the Free State of Bavaria have commissioned the state development bank KfW in Frankfurt to conduct due diligence on Lilium (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet and global pioneer in Regional Air Mobility (RAM), as part of the customary state support process. Once the diligence is completed and results satisfactory, Lilium expects to receive guarantees from the Federal Government and the Free State of Bavaria as security for a KfW loan, the exact amount of which is yet to be determined.

Lilium Welcomes KfW Due Diligence Undertaking

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German aviation firm Lilium and Swiss-based nickel refinery company KL1 will set up new sites in France representing a combined investment of 700 million euros ($753.83 million), French Finance Minister Bruno Le Maire said on Sunday.

German aviation company Lilium and Swiss firm to open new sites in France

Lilium N.V. (LILM) is looking like an interesting pick from a technical perspective, as the company reached a key level of support.

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Lilium just inked a deal to sell 20 -- or even 40 -- electric airplanes to UrbanLink. No sales price was disclosed.

Why Lilium Stock Is Flying 15% Higher Today

Lilium (NASDAQ: LILM) is up 10% at writing  after UrbanLink placed an order for 20 of its eVTOL jets.  UrbanLink may buy another 20 Lilium jets The advanced air mobility operator could buy another 20 of its electric vertical take-off and landing aircraft at a later stage, as per the press release on Monday.

Lilium receives order for eVTOL jets from UrbanLink

MIAMI, May 06, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ:LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet and global pioneer in Regional Air Mobility (RAM), today announced their partnership with advanced air mobility (AAM) operator UrbanLink to operate Lilium Jets in South Florida. As part of the agreement, UrbanLink will purchase 20 Lilium Jets, with scheduled pre-delivery payments, and become the first airline in the U.S. fully committed to integrating eVTOL aircraft into its fleet.

Lilium Announces Firm Order of 20 Lilium Jets from U.S. Operator UrbanLink

MUNICH, Germany, April 30, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet and global pioneer in Regional Air Mobility (RAM), today announced that it will unveil the full-scale Lilium Jet model for the first time at EBACE2024: Europe's premier aviation and advanced air mobility event, taking place 28-30 May 2024 in Geneva, Switzerland at Palexpo and Geneva Airport. This will be the first public premiere of the full-scale Lilium Jet model.

Full-scale Lilium Jet model to be unveiled for the first time at EBACE2024

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Electric Vertical Take-Off and Landing (eVTOL) stocks are not having a good year as investors dump unprofitable companies. Joby Aviation (NYSE: JOBY) stock price has crashed to $4.60, its lowest level since May 2023.

Here's why Lilium, Archer Aviation, JOBY stocks have plunged

MUNICH, Germany, April 16, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, announced today that it has started production of the advanced, aviation grade battery packs that will power the Lilium Jet on its first piloted flight, targeted for end of 2024. This latest milestone represents a landmark in the development of the Lilium Jet and follows extensive testing of battery pack subcomponents from individual cell to stack level with a focus on performance, safety and regulatory conformity.

Lilium Starts Production of High-Performance Battery Packs for the Lilium Jet

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News for Lilium BV Stock (LILM)