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 (NASDAQ: LILM) opened in the green on Monday after receiving approval from the European Union Aviation Safety Agency for its flying taxis. Lilium receives Design Organisation Approval eVTOL – or the electric vertical take-off and landing aircrafts of the German firm are primarily meant for intercity travel.

Lilium secures EU approval for its air taxis

Flying taxi maker Lilium (NASDAQ: LILM ) received European Union approval for the design of its proposed vehicle. This Design Organization Approval from the European Union Aviation Safety Agency (EASA) will let Lilium build and operate electric vertical take-off and landing (eVTOL) craft under Part 21 of the agency's standards.

LILM Stock: Lilium Gets Ready for Takeoff with EU Flying Taxi Approval

MUNICH--(BUSINESS WIRE)--Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, announced today that it has received Design Organization Approval from its primary regulatory authority, the European Union Aviation Safety Agency (“EASA”). The award marks a major milestone for Lilium, positioning it at the forefront of the industry as a company authorized to hold a type-certificate for an eVTOL aircraft in Europe. Design Organization Approval r.

Lilium Receives EASA Design Organization Approval

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MUNICH, Germany, Nov. 14, 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 has signed an agreement with mobility technology and industrial leader DENSO, a Fortune 500 giant, for technical assistance in optimizing production at scale of the Lilium Jet's revolutionary electric engine. DENSO, a leader in powertrain electrification and the world's second largest automotive parts provider by sales, will support Lilium in developing equipment and tooling for an efficient, scalable production ramp up and preparing automation for high-volume production of the Lilium Jet engine and its subsystems.

Lilium Partners With Industrial Leader DENSO to Prepare Production Ramp-Up of the Lilium Jet's Innovative Electric Engine

DUBAI, United Arab Emirates, Nov. 13, 2023 (GLOBE NEWSWIRE) -- ArcosJet DMCC and Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (eVTOL) jet, have announced ArcosJet's purchase of 10 Lilium Jets, expected to be delivered through 2026 & 2027. Following the appointment of ArcosJet as an exclusive authorized dealer for private sales of the Lilium Jet in their region, ArcosJet's purchase means eVTOL travel will soon be available for customers in the Middle East.

ArcosJet and Lilium Announce Purchase of 10 eVTOL Jets

A unique player in the electric vertical takeoff and landing (eVTOL) aircraft manufacturing industry, Lilium (NASDAQ: LILM ) has been attracting media attention with a pair of key developments. Aimed at bolstering the effectiveness of the underlying air mobility platform, investors are hoping that, over the long run, the news may bolster LILM stock.

LILM Stock Alert: Lilium Announces Partnerships to Boost eVTOL Production

MUNICH, Germany, Nov. 10, 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 extending its existing partnership with InoBat. InoBat is expected to provide high-volume production of the Lilium Jet's high-performance battery cells. The continued partnership reaffirms Lilium's multiple-sourcing strategy for cell production and will contribute towards securing a healthy supply of Lilium's battery cells for entry into service of the Lilium Jet and the years thereafter.

Lilium Announces Partnership for High-Volume Production of Lilium Jet Battery Cells

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MUNICH, Germany and PARIS, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing ("eVTOL") jet, and Michelin today announced a partnership for the Lilium Jet's tires. Lilium and Michelin began working together more than a year ago to develop and produce custom tires for the Lilium Jet and have now signed a final agreement covering design, serial production, and support. The partnership leverages Michelin's 100 plus years of experience working with the aeronautical industry to deliver an innovative tire solution that meets the safety weight, and reliability requirements for the revolutionary Lilium Jet. The first tires are expected to be delivered to Lilium facilities this month.

Lilium and Michelin Announce the Development and Serial Production of Lilium Jet Tires

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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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News for Lilium BV Stock (LILM)