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.

German air-taxi developer Lilium said on Thursday two of its subsidiaries in the country have decided to file for insolvency following unsuccessful talks with state and federal governments to solve its cash crisis.

German air-taxi maker Lilium's units to file for insolvency, shares plunge

Shares of Lilium tanked Thursday after the air taxi firm said in a filing that its two main subsidiaries plan on filing for insolvency in the coming days.

Air taxi firm Lilium plunges 62% after saying main subsidiaries will file for insolvency

LAS VEGAS, Oct. 23, 2024 (GLOBE NEWSWIRE) -- With eVTOLs on the cusp of taking off commercially in the coming years, GE Aerospace is partnering with Lilium, a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), to build a solid safety foundation for this exciting new mode of travel. The two companies are bringing together their respective flight data and analytics platforms to build scalable flight data management solutions that inform the right safety standards and guidelines for eVTOL operators.

Lilium, GE Aerospace partner to deliver eVTOL flight safety

Lilium has been negotiating emergency capital financing with government officials in Germany. The firm's request to receive 50 million euros ($54 million) of state aid from the federal government was rejected.

Lilium was once a promising 'air taxi' startup worth billions. Now it's on the brink of insolvency

The company might struggle to source badly needed funding.

Why Lilium Stock Plummeted by 21% Today

MUNICH, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ:LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), has completed the first systems power-on milestone of its revolutionary all-electric Lilium Jet. The successful test procedure on the first in-production Lilium Jet, MSN 1, represents a significant achievement on the path to first flight and certification. This test confirms that the aircraft is being built in accordance with Lilium's platform design and the flight systems are functioning correctly.

Lilium Powers On First Lilium Jet in Significant Milestone Towards First Flight

HOUSTON, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Lilium (NASDAQ: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), is today debuting the Lilium Jet, the world's first fully electric jet that can take off and land vertically, to the U.S. market. The Lilium Jet is designed and optimized for regional travel with an aerodynamic shape and ducted electric fans that prioritize efficiency and speed during forward flight. With an anticipated initial operating range of roughly 110 miles, the Lilium Jet will be capable of quickly connecting Houstonians to the broader region, with routes like Houston Hobby Airport to Galveston, Houston Spaceport to College Station, The Woodlands to Galveston, and others. Galaxy FBO's Houston-area facilities at Houston Hobby, Conroe North Houston Regional Airport, and The Woodlands Heliport will be key infrastructure for Lilium Jet operators in the Houston area.

Lilium Debuts Jet in U.S. at Houston Hobby Airport and Signs Infrastructure Partnership with Galaxy FBO

Archer Aviation

Archer Aviation (ACHR) and Lilium (LILM) are two of the most popular electric vertical takeoff and landing (EVTOL) or flying car companies. Lilium, a German company, has a market cap of over $482 million while Archer has $1.1 billion.

Archer Aviation vs Lilium: which is the better flying car stock?

MUNICH, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today announced changes to its Board of Directors, subject to approval at the upcoming extraordinary general meeting of shareholders (EGM) on Wednesday, September 18, 2024. The company intends to appoint Philippe Balducchi as a non-executive member of the Board, while Barry Engle and Henri Courpron, who have served as non-executive directors, do not plan to stand for re-appointment following the completion of their terms.

Lilium Welcomes Aerospace Industry Veteran Philippe Balducchi to Board of Directors

Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) and Lilium Gold have agreed a settlement agreement brokered by the government of Burkina Faso for the divestment of the Boungou and Wahgnion mines. The deal will see Lilium transfer the ownership of the Boungou and Wahgnion mines to the Burkina Faso State with Endeavour to receive US$60 million cash in the three tranches made up of US$15 million upfront, US$15 million by the end of the third quarter and US$30 million by the end of 2024.

Endeavour Mining to receive US$60 million in Lilium Gold settlement

MUNICH, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Lilium (NASDAQ: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), has successfully completed the first phase of integration testing of the Lilium Jet's electrical power system at the company's purpose-built laboratory. The test completion represents a key milestone on the path to flight conditions approval and type-certification of the revolutionary Lilium Jet. It means that, while the first two Lilium Jets take shape on the production line, engineers are already verifying the design of the aircraft's core powertrain functionalities that will support certification according to EASA's SC-VTOL rules.

Lilium Starts Integration Testing of Lilium Jet Electrical Power System

Blade Air Mobility

Joby Aviation

The flying car industry is evolving at a rapid rate due to the integration of various technologies and funding by corporations. By 2025, the sector is expected to grow tremendously with electric vertical take-off and landing (eVTOL) vehicles as the new generation of transport.

3 Flying Cars Stocks to Buy on the Dip: August 2024

EHang Holdings Ltd - ADR

Price pullbacks are healthy for the stock market, happening at a 15% correction every other year on average. The recent market correction offers flying car stocks to watch an opportunity for the big future play.

Q3's Rising Stars: 3 Flying Car Stocks for Your Must-Watch List

MUNICH, Aug. 07, 2024 (GLOBE NEWSWIRE) -- A landmark international survey has revealed the scale of pent up demand for clean aviation, with 65 per cent of consumers across the four countries calling for change.

New landmark international study: 2-in-3 People Agree: Now Is The Time for Air Travel to Become Sustainable

Saudia Group leads the aviation industry in the MENA region with the first eVTOL jets agreement Munich, Germany--(Newsfile Corp. - August 1, 2024) - Saudia Group and Lilium N.V. (NASDAQ: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today signed a binding sales agreement for 50 Lilium Jets, with options for 50 more.

Saudia Group Signs the Largest Firm Order With Lilium to Acquire 100 eVTOL Jets

The flying cars market is gaining traction, with companies making steady progress toward making electric vertical takeoff and landing vehicles (eVTOLs) commercially available. Certifications from regulatory authorities like the FAA boost confidence in this transformative sector, presenting investors with a potential opportunity.

Urban Air Mobility: The Top 3 Flying Car Stocks to Buy Now for Explosive Growth

FARNBOROUGH, United Kingdom, July 24, 2024 (GLOBE NEWSWIRE) -- Groupe ADP and Lilium N.V. (NASDAQ: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today announced a partnership to collaborate on infrastructures for the Lilium Jet in Europe, the Middle East, and Asia. Groupe ADP, which operates and develops 23 airports around the globe with its two major partners TAV Airports and GMR Airports, will work with Lilium to make its vertiports accessible to Lilium's customers.

Lilium partners with leading global airport operator Groupe ADP to expand infrastructure network for the Lilium Jet

Germany-based Lilium plans to begin studying possible air-taxi assembly sites in the U.S. later this year with a goal of having a plant up and running by early 2029 to get a foothold in the one of the world's largest markets, its CEO said.

Lilium to begin studying US air-taxi assembly sites this year

New partnership brings together aircraft manufacturer, infrastructure specialist, and airport operator to develop eVTOL network in Lombardy New partnership brings together aircraft manufacturer, infrastructure specialist, and airport operator to develop eVTOL network in Lombardy

Lilium, SEA Milan Airports and Skyports to Launch Regional Air Mobility Network in Northern Italy

FARNBOROUGH, United Kingdom, July 21, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today announced the next phase of its “POWER-ON” Aftermarket Services portfolio, providing a suite of digital solutions to ensure efficient and seamless operation of the Lilium Jet.

Lilium expands POWER-ON, creating Comprehensive Solutions Portfolio with Leading Digital Innovators

I feel that now could be a great time for investors to consider the future of transportation. This is because flying car stocks are making steady progress to commercially produce electric vertical take-off and landing crafts (eVTOLs), and this market is rising quickly.

3 Flying Car Stocks That Could Grow Your Wealth

Eve Holding Inc

Vertical Aerospace Ltd

It is a rare opportunity to invest in flying car stocks, a technology that is likely to become as commonplace as cars. Electric vertical takeoff and landing (eVTOL) vehicles are now at the forefront of future air mobility.

3 Flying Car Stocks That Could Be Multibaggers in the Making: July Edition

MUNICH, Germany--(BUSINESS WIRE)--Saudia Group and Lilium N.V. (NASDAQ: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today signed a binding sales agreement for 50 Lilium Jets, with options for the purchase of 50 more. The signature ceremony was held at Lilium's HQ in Munich. The contract was signed by Fahd Al-Jarbou, CEO of Saudia Private, representing Saudia Group, and Lilium's CEO Klaus Roewe, in the presence of several distinguished guests inclu.

Saudia Group Signs Largest Global Agreement With Lilium to Acquire Up to 100 eVTOL Jets

Lilium (NASDAQ: LILM ) stock is on the rise Thursday as the electric vertical takeoff and landing (eVTOL) company secured an order for up to 100 of its aircraft. This order comes from Saudia Group and includes 50 Lilium eVTOLs.

LILM Stock Pops as Lilium Bags eVTOL Jet Order

MUNICH, Germany, July 18, 2024 (GLOBE NEWSWIRE) -- Saudia Group and Lilium N.V. (NASDAQ: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today signed a binding sales agreement for 50 Lilium Jets, with options for the purchase of 50 more. The signature ceremony was held at Lilium's HQ in Gauting near Munich. The contract was signed by Fahd Al-Jarbou, CEO of Saudia Private, representing Saudia Group, and Lilium's CEO Klaus Roewe, in the presence of several distinguished guests including; Michael Kindsgrab, the German Ambassador to the Kingdom of Saudi Arabia; H.E. Engr. Ibrahim Al-Omar, Director General of Saudia Group; and Lilium Chairman Tom Enders.

News for Lilium BV Stock (LILM)