Lilium NV

Overview

Lilium is a pioneering aviation company based in Germany, specializing in the development of electric vertical takeoff and landing (eVTOL) aircraft. Founded in 2015, Lilium aims to revolutionize regional air mobility by providing fast, sustainable, and efficient transportation through its innovative eVTOL technology. The Lilium Jet At the core of Lilium's vision is the Lilium Jet, an all-electric aircraft designed to accommodate up to six passengers. The Lilium Jet stands out for its sleek design and advanced ducted fan technology, which allows for quiet, efficient, and precise flight. With a range of over 155 miles (250 km) and a top speed of 175 mph (280 km/h), the Lilium Jet is poised to offer a viable alternative to traditional regional transportation methods, cutting travel times drastically while reducing carbon emissions. Business Model Lilium is not just focused on aircraft production; the company is developing a comprehensive regional air mobility service. This service will include a network of vertiports, where passengers can board and disembark from the Lilium Jet, providing seamless and convenient connectivity between cities and regions. Lilium's approach is designed to be accessible, with a pricing model comparable to premium ground transportation. Sustainability Environmental sustainability is a key pillar of Lilium's mission. The company's all-electric aircraft are designed to have zero operational emissions, aligning with global efforts to reduce carbon footprints in the transportation sector. By offering a green alternative to traditional air and road travel, Lilium is contributing to the future of sustainable urban and regional mobility. Market Position Lilium is at the forefront of the rapidly growing eVTOL industry, positioning itself as a leader in regional air mobility. The company's innovative approach, combined with significant investment and partnerships with key industry players, places it in a strong position to transform the way people travel. Lilium: Company Foundation and Leadership Foundation and Origins Lilium was founded in 2015 by four visionary engineers: Daniel Wiegand, Sebastian Born, Matthias Meiner, and Patrick Nathen. The company was established with the goal of creating a sustainable and efficient air mobility solution, leveraging cutting-edge electric vertical takeoff and landing (eVTOL) technology. The founders, driven by a shared passion for aviation and innovation, sought to develop a new form of transportation that would reshape the future of regional mobility. Leadership As of now, Lilium is led by Klaus Roewe, who took on the role of CEO in August 2022. Klaus Roewe brought with him extensive experience from his previous tenure at Airbus, where he successfully led the A320 program to become the world’s most successful commercial aircraft program. Under his leadership, Lilium continues to advance its mission of making sustainable air travel a reality. Investors and Funding Lilium has attracted significant investment from a variety of prominent investors, enabling it to make substantial progress in the development of its eVTOL aircraft and infrastructure. Notable investors include Tencent, Atomico, LGT, and Baillie Gifford. In addition to private investments, Lilium has also gone public via a merger with Qell Acquisition Corp, a special purpose acquisition company (SPAC), in September 2021. This move has provided Lilium with additional capital to accelerate its development and commercial operations. With a strong foundation, experienced leadership, and substantial financial backing, Lilium is well-positioned to lead the eVTOL revolution and transform regional air mobility.