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.

Lilium NV engages in developing 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. The company was founded by Daniel Wiegand, Sebastian Born, Patrick Nathen and Matthias Meiner in 2015, and is headquartered in Wessling, Germany.

Lilium NV (LILM) CEO Daniel Wiegand on Q3 2021 Results - Earnings Call Transcript

MUNICH, Germany., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Stuttgart Airport is expected to become a hub for regional electric flights with zero operating emissions, following the agreement between Stuttgart Airport and Lilium.

Stuttgart to become regional hub for Lilium's planned German network

ABB Ltd.

ABB Ltd (NYSE: ABB), through its ABB E-mobility division, plans to provide the charging infrastructure for Lilium NV's (NASDAQ: LILM) high-speed regional air network, scheduled for commercial launch in 2024. Financial terms were not disclosed.

ABB, Lilium Collaborate On Charging Infrastructure For Regional Air Travel

MUNICH and ZURICH, Oct. 13, 2021 (GLOBE NEWSWIRE) -- ABB E-mobility and Lilium N.V. (NASDAQ: LILM) (“Lilium”), positioned to be a global leader in regional electric air mobility, have announced plans for ABB to provide the charging infrastructure for Lilium's high speed regional air network, scheduled for commercial launch in 2024. Lilium has announced planned launch networks in Florida, Germany, and Brazil. As part of the agreement, ABB will develop, test and supply the MegaWatt fast charging infrastructure necessary for the quick turnaround times needed for electric aviation. The ABB charging points are designed to be capable of fully charging batteries in approximately 30 minutes, and charging up to 80% in 15 minutes, enabling the 20-25 flights per aircraft per day planned across Lilium's global vertiport network. The initial range of a 7-Seater Lilium Jet is expected to be 155 miles with a cruise speed of 175mph.

ABB and Lilium team up to revolutionize charging infrastructure for regional air travel

Lilium has projected excellent revenue growth through 2026. If it can achieve this growth, LILM stock will be very good for investors.

Lilium Looks Like a Bargain Now That Its SPAC Merger Has Closed

Joby Aviation

LILM stock just picked up some positive coverage from Wall Street, but it's not necessarily the best way to invest in the flying-taxi market. The post Lilium Gets $17 Price Target, But There's a Better Alternative appeared first on InvestorPlace.

Lilium Gets $17 Price Target, But There's a Better Alternative

Oppenheimer analyst Colin Rusch initiated coverage of Lilium NV (NASDAQ:LILM) with an Outperform rating and a price target of $24, implying an upside of 126.2%. Rusch views Lilium as a leading player in the emerging electric vertical takeoff and landing, or eVTOL, space and thinks the company is well-positioned for "outsized market share in a disruptive industry.

News for Lilium BV Stock (LILM)