Lilium Welcomes KfW Due Diligence Undertaking

Core Insights - The German Federal Government and the Free State of Bavaria have commissioned KfW to conduct due diligence on Lilium, a pioneer in electric vertical take-off and landing (eVTOL) jets, as part of the state support process [1][6] - Lilium anticipates receiving guarantees from the government for a KfW loan, with a target minimum of €100 million [6] - Lilium is positioned as a leader in electric aviation, with a workforce of over 1,000, primarily in engineering and manufacturing [2][4] Company Overview - Lilium was founded in 2015 by graduates of the Technical University of Munich and is headquartered in Munich, Germany, with additional facilities in the Netherlands and Spain [2][4] - The company has a strong international presence and is exploring expansion into France [2] - Lilium has accumulated an order pipeline of over 780 Lilium Jets from various global operators [3] Market Potential - The global eVTOL market is projected to reach $1 trillion in revenues by 2040, according to Morgan Stanley estimates [3] - Lilium aims to contribute to the decarbonization of air travel through its all-electric Lilium Jet, which is designed for high performance and zero operating emissions [4]