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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In the 1990s, some of us may have thought we would have had flying cars by now. In 2024, we may not have flying cars like the ones featured in those 1980s science fiction films.

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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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Flying car stocks may have great potential, but investors should be cautious. Despite the possibility of a stronger rally in the broader market indices leading up to June, the long-term prospects for these stocks remain uncertain.

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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

Flying car stocks to buy are set to take flight. According to JPMorgan, if flying cars are successful, the market could be worth $1 trillion by 2040.

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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.

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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

Flying cars are moving closer to reality, creating a potential trillion-dollar market for some of the world's top flying car stocks. Boeing (NYSE: BA ), for example, wants in on the market, with plans to launch flying cars in Asia by the time 2030 rolls around.

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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

Investors may want to pay close attention to flying car stocks. If all goes according to plan, the market for flying car stocks could become a trillion-dollar opportunity according to JPMorgan.

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MUNICH, Germany, April 02, 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 received the first set of standby flight instruments from Garmin®, a leading provider of avionics solutions. The deliveries, which follow the multi-year supplier contract signed by Lilium and Garmin in 2023, will be integrated into the first Lilium Jets being produced and the Lilium Jet flight simulator, used for pilot training.

Lilium Begins Integration of Garmin Standby Flight Instruments for the Lilium Jet

The flying car or vertical aviation market is one of the fastest growing segments of the transportation industry. Analysts and market enthusiasts predict flying cars could very well revolutionize urban mobility and create a multi-billion-dollar market.

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Flying cars have been on the futurism menu since the late 19th century. Although small airplanes with short lift distances were available, a small-sized vertical take-off has been the ultimate goal.

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MUNICH, Germany, March 25, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, today announced they have appointed Johan Malmqvist as Chief Financial Officer (CFO) effective April 1, 2024. Johan Malmqvist brings more than 25 years of experience as a CFO of global public and private companies across a variety of sectors and geographies.

Lilium Names Johan Malmqvist as Chief Financial Officer

Flying car stocks could be the next big moneymaker. We already know the flying car market could be worth about $215.5 billion by 2025, according to Allied Market Research.

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MUNICH, Germany, March 13, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, has teamed up with Atlantic Aviation , a leading fixed-based operation (FBO) and aviation services provider, to prepare Atlantic's network of more than 100 FBOs for the Lilium Jet's regional upcoming air mobility service launch in the United States.

Lilium and Atlantic Aviation Unite to Electrify Regional Air Mobility Across the U.S.

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There are some bargains in the market for investors interested in buying shares of flying car stocks. While the flying car industry is still in its infancy, several companies are making significant strides toward making this futuristic mode of transportation a reality.

News for Lilium BV Stock (LILM)