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.

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Lilium to Lift the Lid on the Power behind its revolutionary eVTOL Jet

DUBAI, United Arab Emirates, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (eVTOL) jet, has signed an agreement that appoints ArcosJet DMCC (“ArcosJet”), a Dubai-based leader in business aircraft brokerage, as the exclusive authorized dealer for private sales of the Lilium Jet in the United Arab Emirates (UAE), Israel, and the Republic of Cyprus. The agreement includes a commitment fee payment to Lilium and grants ArcosJet exclusivity on private sales. With this agreement, ArcosJet becomes Lilium's first reseller in the Middle East and its fifth dealer globally.

ArcosJet Appointed Authorized Dealer for Lilium Jet in the Middle East

HOUSTON, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, has today opened private sales of its eVTOL jets in the U.S. market, in partnership with EMCJET, an industry-leading full-service aircraft brokerage and management company. EMCJET is set to be the exclusive Lilium dealer in Texas through 2030 for private sales. Under the terms of the partnership, which includes a commercial commitment to Lilium for five production slots, EMCJET will enable individuals to purchase some of the first Lilium Pioneer Edition Jets available in the U.S. market. This announcement is the first step in unlocking the U.S. private aviation market, the largest private aviation market, for Lilium and follows Lilium's commercial strategy to start in the premium market before expanding to the airline and passenger shuttle market.

Lilium Jet Becomes First eVTOL for Private Sale in the U.S. in Pioneering Partnership with EMCJET

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MUNICH, Germany, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, announced today that the first high-voltage electrical harnesses for the Lilium Jet have been completed. The announcement marks another important achievement on the path to first assembly, industrialization, and entry into service of the revolutionary Lilium Jet.

First high voltage electrical harnesses roll off the line for the all-electric Lilium Jet

MUNICH, Germany, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, announced today that it is starting assembly of the Lilium Jet's revolutionary electric propulsion system at its dedicated propulsion facility located next to its headquarters in Wessling, Germany. The announcement marks another exciting milestone on the targeted path towards industrialization and commercial entry into service of the Lilium Jet and reconfirms Lilium's roadmap towards achieving first manned flight of the aircraft in late 2024.

Lilium Starts Assembly of the Lilium Jet's Revolutionary Electric Propulsion System

MUNICH, Germany, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, announced that it has achieved a significant development milestone with the commencement of fuselage assembly for the Lilium Jet, which remains on track for expected first manned flight planned in late 2024. Start of fuselage assembly serves as another tangible manifestation of Lilium's strategic roadmap, demonstrating Lilium's ability to progress from vision to execution. This is the first of seven fuselages for the seven aircraft Lilium will use to achieve type-certification of the Lilium Jet.

Lilium Marks Significant Milestone with the Commencement of Fuselage Assembly for its Lilium Jet

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I believe Lilium reveals a company with a unique focus on the eVTOL premium segment but has notable challenges and lacks near-term catalysts to keep investors engaged. Lilium's 1H23, in my view, shows a firm striving for commercialization and near-term financial stability, but still facing technical and financial headwinds throughout 2025. Given the intricate dance between Lilium's potential and its challenges, my investment stance is clear: Hold.

Between eVTOL Elation And Lilium's Limitations

Lilium reported Q2 2023 EPS of -$0.090, beating estimates by $0.06, despite no profit or revenue. The company began wind tunnel testing on a complete 1-to-2.5 scale Lilium jet model to validate flight physics and aerodynamics. Lilium raised $192 million in funding, fully financing its eVTOL program until 2025 and supporting the commercial launch of the Lilium jet.

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MUNICH, Germany, July 25, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (“Lilium” or the “Company”), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, has released its Q2 2023 Shareholder Letter. The Shareholder Letter, which discusses Lilium's progress towards important milestones in the development of its revolutionary Lilium Jet, can be accessed on the Lilium investor relations website.

Lilium releases Q2 2023 Shareholder Letter

MUNICH, Germany, July 19, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (“Lilium” or the “Company”), developer of the first all-electric vertical take-off and landing jet, announced that it plans to release its Second Quarter Fiscal Year 2023 Shareholder Letter before market open on Tuesday, July 25, 2023.

Lilium Announces July 25 Release of Q2 2023 Shareholder Letter

MUNICH, Germany, July 18, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (“Lilium” or the “Company”), developer of the first all-electric vertical take-off and landing jet, announced today that it has successfully arranged a capital raise for a total amount of $192 million.

Lilium Successfully Arranges $192 M Capital Raise Supported by Leading German Technology Investors

HOUSTON & MONTERREY, Mexico--(BUSINESS WIRE)--Luminus Management LLC today announced that effective June 21, 2023, it has closed its acquisition of Jaguar Transportation Inc. (“JTI”), the Holding Company of Servicios de Transportacion Jaguar SA de CV (“STJ”) and its affiliates (collectively, “Jaguar”) in an all-cash stock purchase transaction. The transaction was completed in partnership with Lilium Group LLC (“Lilium”), a private equity firm focused on transportation and industrial investments.

Jaguar Transportation Inc. Acquired by Luminus Management in Partnership with Lilium Group and Gateway Transport – a Consortium of Prominent Mexican Industrial Interests

Lilium has raised an additional $192 million, after announcing an initial $100 million raise back in May. The funding will help support the company's development efforts, but comes at a price to current shareholders.

Why Lilium Stock Is Down Big Today

Financing sees meaningful insider participation and is incremental to $100 million received in May Financing sees meaningful insider participation and is incremental to $100 million received in May

Lilium Announces Pricing of Upsized $192 Million Financing

MUNICH, Germany, July 13, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (“Lilium” or the “Company”), developer of the first all-electric vertical take-off and landing jet, announced today that it has launched an underwritten public offering of the Company's Class A ordinary shares (the “Shares”), as well as a concurrent private placement offering of Shares and warrants to purchase Shares led by Earlybird Venture Capital and including BIT Capital, UVC Partners and Frank Thelen, as well as multiple Lilium Board members and senior executives (the “PIPE”). In addition, pursuant to the purchase agreement dated May 1, 2023 between the Company and Aceville Pte. Limited, an affiliate of Tencent Holdings Limited (“Aceville”), Aceville will fund an additional $75.0 million to partially prepay against the total exercise price of the warrants issued under such agreement, assuming that the underwritten public offering and the concurrent PIPE generate at least $75.0 million of gross proceeds.

News for Lilium BV Stock (LILM)