Lilium N.V.(US:LILM)2024-02-27 13:582023 Accomplishments - Lilium received Design Organization Approval by EASA[23, 24] - Lilium signed an MoU with Lufthansa Group for a strategic partnership[23, 26] - Lilium started the assembly of the first Lilium Jet[23, 42] - Lilium secured a high-volume battery cell partnership[23] - Lilium established a customer service business[23] - Lilium completed $292 million in funding[23] Financial Status - Lilium's adjusted cash spend in H2 2023 was below expectation at €150 million[32] - Lilium's unaudited liquidity as of December 31 was €198 million[32] - Lilium's adjusted cash spend guidance for H1-2024 is between €170 and 180 million[32] Strategic Focus - Lilium is shifting from the design phase to industrialization[10] - Lilium is focused on an OEM and Aftersales business model[47] - Lilium has approximately 45 firm orders and approximately 685 aircraft under MoU[36]