Core Insights - Lilium is progressing towards key milestones in the development of its Lilium Jet, with the start of production for aviation-grade battery packs achieved in April 2024 and the first manned flight targeted for the end of this year [2][4][8] - The company aims to create a sustainable and accessible mode of high-speed regional transportation, focusing on zero operating emissions and high performance [6][8] - Lilium has a growing commercial order pipeline with over 780 aircraft, including firm orders and memoranda of understanding, indicating strong market interest [8] Company Developments - The production of the first Lilium Jets has significantly advanced, with battery pack production starting at a dedicated facility [8] - Testing is currently underway for the first manned flight and certification of the Lilium Jet [8] - Lilium has successfully concluded a fundraising round, securing $114 million in gross proceeds [8] Market Expansion - The company is expanding its support network in key markets, partnering with Aéroports de la Côte d'Azur and UrbanV for operations in the French Riviera, and with Atlantic Aviation for US-wide operations [8] - Lilium is in advanced discussions with the French government regarding a government guarantee-backed loan, and is also starting a due diligence process for an intended loan with guarantees from the German Federal Government and the State of Bavaria [8]

MUNICH, Germany, June 11, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ:LILM) ("Lilium" or the "Company"), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), has released its Q1 2024 Shareholder Letter. The Shareholder Letter discusses Lilium's progress towards important milestones in the development of its revolutionary Lilium Jet and can be accessed on the Lilium investor relations website. Production of the first Lilium Jets significantly advanced. Battery pack production ...

Core Viewpoint - Lilium has signed a collaboration agreement with Bao'an District in Shenzhen, establishing its APAC regional headquarters to support its eVTOL jet operations in China and the Asia-Pacific region [1][2][7]. Group 1: Collaboration and Regional Headquarters - Lilium is the first European eVTOL manufacturer to establish a regional office in Bao'an District, which will facilitate sales, services, and support for the Lilium Jet in the region [2][7]. - The collaboration aims to build the low altitude economy in Shenzhen, creating new opportunities and necessary infrastructure for sustainable regional aviation [3][7]. - The partnership builds upon a previous Memorandum of Understanding signed last year, indicating a strong commitment to the region [7]. Group 2: Market Potential and Job Creation - China is expected to account for approximately 25% of the global eVTOL market, presenting a significant opportunity for Lilium [8]. - Local recruitment for commercial activities is expected to begin this year, contributing to job creation in the Shenzhen region [8]. - The collaboration will also involve participation in industry events and working with local infrastructure partners to ensure compatibility with the Lilium Jet [8]. Group 3: Strategic Importance - The partnership initially focuses on the Guangdong–Hong Kong-Macao Greater Bay Area, which has a population of over 85 million, indicating a large potential customer base [7]. - Lilium appreciates the regional knowledge of Bao'an District, which is essential for establishing premium eVTOL operations in the area [7]. - The CEO of Lilium emphasized the importance of the modern facilities provided by Bao'an District for supporting growth in the low altitude economy industry [9].

Core Insights - Lilium has signed a collaboration agreement with the Bao'an District in Shenzhen, establishing its APAC regional headquarters, marking it as the first European eVTOL manufacturer to operate in the area [5][6][7] - The partnership aims to enhance Lilium's presence in the low altitude economy, focusing initially on the Guangdong–Hong Kong-Macao Greater Bay Area, which has a population exceeding 85 million [1][2] - Lilium plans to create new jobs in the Shenzhen region, with local recruitment starting this year, and will engage in industry events to foster relationships with local infrastructure partners [2][3] Company Developments - The regional headquarters will support Lilium Jet sales, services, and operations in China and the broader Asia-Pacific region [6] - Lilium is currently in the process of opening its headquarters in the Bao'an Low Altitude Economy Industry Public Service Center [6] - Production of the Lilium Jet began in late 2023, with the first piloted flight expected by the end of 2024 [7] Market Potential - China is anticipated to account for approximately 25% of the global eVTOL market, presenting significant growth opportunities for Lilium [2] - The collaboration is expected to facilitate the development of necessary infrastructure for sustainable regional aviation in Shenzhen [7]

Core Viewpoint - Lilium N.V. has successfully raised $114 million in gross proceeds to support its operations and achieve the first manned flight test of the Lilium Jet, targeted for late 2024 [1][2]. Group 1: Capital Raise Details - The $114 million is raised through three transactions: 1. An underwritten public offering of Class A Shares and accompanying warrants for approximately $40 million, which has closed [2]. 2. A concurrent private placement of Class A Shares and PIPE Warrants for approximately $50 million, with key investors including BIT Capital and Earlybird Venture Capital, expected to close in two tranches [2]. 3. A private placement of a pre-funded warrant to Aceville Pte. Limited, an affiliate of Tencent Holdings, funding approximately $24 million, expected to close on or around June 28, 2024 [2]. Group 2: Company Insights - Klaus Roewe, CEO of Lilium, expressed appreciation for the support from both existing and new investors, highlighting the strategic and financial backing from notable figures in the disruptive technology sector [3]. - Lilium aims to create a sustainable mode of high-speed regional transportation using the all-electric Lilium Jet, designed for low noise and zero operating emissions, contributing to the decarbonization of air travel [4]. - The company has a strong team of over 1000 employees, including approximately 500 aerospace engineers, and is headquartered in Munich, Germany, with operations across Europe and the U.S. [4].

Core Viewpoint - Lilium N.V. has successfully raised $114 million in gross proceeds to support its operations and achieve the first manned flight test of the Lilium Jet, targeted for late 2024 [1][2]. Group 1: Capital Raise Details - The $114 million is raised through three transactions: 1. An underwritten public offering of Class A Shares and accompanying warrants for approximately $40 million [2]. 2. A concurrent private placement of Class A Shares and PIPE Warrants for approximately $50 million, with key investors including BIT Capital and Earlybird Venture Capital [2]. 3. A private placement of a pre-funded warrant to Aceville Pte. Limited, an affiliate of Tencent Holdings, funding approximately $24 million [2]. Group 2: Company Insights - Lilium is focused on creating a sustainable and accessible mode of high-speed regional transportation using its all-electric vertical take-off and landing jet, the Lilium Jet [4]. - The company aims to accelerate the decarbonization of air travel, with a team of over 1000 employees, including approximately 500 aerospace engineers [4]. - Lilium has announced sales and interest in various regions, including Europe, the U.S., China, Brazil, the UK, the UAE, and Saudi Arabia [4]. Group 3: Leadership and Future Plans - CEO Klaus Roewe expressed appreciation for the support from both existing and new investors, highlighting the strategic and financial backing as a testament to the company's progress [3]. - Lilium plans to discuss recent developments and progress in its Q1 2024 quarterly shareholder letter, scheduled for release on June 11, 2024 [3].

Core Viewpoint - Lilium N.V. is expanding its partnership with Luxaviation Group to enhance the infrastructure for its all-electric vertical take-off and landing (eVTOL) jet, the Lilium Jet, focusing on regional air mobility and sustainability in aviation [1][6]. Group 1: Partnership Expansion - The partnership will utilize ExecuJet's network of Fixed Based Operations (FBOs) and newly developed locations to establish electrified ground infrastructure for the Lilium Jet, initially targeting key markets in Europe and later expanding to the Middle East [2][3]. - ExecuJet has recently increased its global presence to 141 FBOs following the acquisition of Sky Valet, which will support the operational network for the Lilium Jet across the EMEA region [3]. Group 2: Electrification and Sustainability - A significant focus of the partnership is the electrification of ExecuJet's operations in France, particularly in Aix-en-Provence, in collaboration with EDEIS, a leading French engineering firm [4]. - Luxaviation Group is committed to advancing its decarbonization roadmap through the integration of eVTOL and regional air mobility, with Sigma Air Mobility tasked with implementing sustainable air mobility solutions [5][14]. Group 3: Operational Goals - The collaboration aims to establish local operations, integrate airspace, and develop ground infrastructure, which are essential for the deployment of Advanced Air Mobility (AAM) in Europe [7]. - Lilium emphasizes the importance of a robust operational network, which is exemplified by Luxaviation's ExecuJet FBOs, in achieving sustainable regional air mobility [7].

Lilium contact information for media: Rainer Ohler +49 172 489 0353 Rainer.ohler.ext@lilium.com press@lilium.com eVolare contact information for media LONDON and MUNICH, Germany, May 29, 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), and eVolare, a subsidiary of Volare Aviation, one of the United Kingdom's largest helicopter and private jet operators, announced the signing of ...

Core Insights - Lilium N.V. has signed binding sale and purchase agreements with eVolare for the acquisition of 4 Lilium Jets, with additional reservations for up to 12 more jets [1][2] - eVolare plans to operate these jets in the London area, enhancing regional air mobility by connecting London with outer cities and coastal regions [1][2] - The partnership aims to develop a network of vertiports and facilitate operations upon the Lilium Jet's entry into service, potentially deploying up to 16 aircraft in the London area [2] Company Overview - Lilium is focused on creating a sustainable and accessible mode of high-speed regional transportation using its all-electric vertical take-off and landing jet, designed for high performance and zero operating emissions [4][5] - The company has a strong team of over 1000 employees, including approximately 500 aerospace engineers, and is headquartered in Munich, Germany [4] - Lilium has announced interest and sales in various global markets, including Europe, the United States, and the UK, indicating a broad market appeal [4] eVolare's Role - eVolare, a subsidiary of Volare Aviation, is positioned as the UK's distributor for the Lilium Jet and aims to lead the eVTOL market in the UK [5][6] - The company emphasizes sustainability and aims to transform urban air travel with electric aircraft that reduce carbon emissions [6] - eVolare's founder expressed confidence in Lilium's ecosystem for eVTOL operations, highlighting the partnership's potential for success in the UK market [3]

Core Viewpoint - Lilium N.V. is expanding its partnership with Luxaviation Group to enhance the infrastructure for its all-electric vertical take-off and landing (eVTOL) jet, the Lilium Jet, focusing on regional air mobility and sustainability in aviation [1][6]. Group 1: Partnership Expansion - The partnership will utilize ExecuJet's network of Fixed Based Operations (FBOs) and newly developed locations to establish electrified ground infrastructure for the Lilium Jet, initially targeting key markets in Europe and later expanding to the Middle East [2][3]. - ExecuJet has recently expanded its global footprint to 141 FBOs following the acquisition of Sky Valet, which will support the Lilium Jet's operations across the EMEA region [3]. Group 2: Electrification and Sustainability - A significant focus of the partnership is the electrification of ExecuJet's operations in France, particularly in Aix-en-Provence, in collaboration with EDEIS, a leading French engineering firm [4]. - Luxaviation Group is committed to advancing its decarbonization roadmap through the integration of eVTOL and regional air mobility, with Sigma Air Mobility tasked with implementing sustainable air mobility solutions [5][14]. Group 3: Operational Goals - The partnership aims to establish local operations, integrate airspace, and develop ground infrastructure, which are essential for the deployment of Advanced Air Mobility (AAM) in Europe [7]. - Lilium emphasizes the importance of a robust operational network, which is exemplified by Luxaviation's ExecuJet FBOs, to ensure the success of sustainable regional air mobility [7].