Lilium reports recent achievements in Q1 2024 Shareholder Letter

Lilium reports recent achievements in Q1 2024 Shareholder Letter

18-Jun-2024 Source: Lilium

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 theLilium investor relations website. 

Lilium’s Recent Accomplishments   

  • Production of the first Lilium Jets significantly advanced. 
  • Battery pack production started at Lilium’s purpose-built battery facility.  
  • Testing underway towards first manned flight and certification.  
  • Commercial order pipeline grew to over 780 aircraft, including firm orders and memoranda of understanding as well as recent firm orders by UrbanLink and eVolare. 
  • Expanded support network in key markets partnering with Aéroports de la Côte d’Azur and UrbanV to bring Lilium Jet flights to the French Riviera and with Atlantic Aviation to support US-wide Lilium Jet operations. 
  • Successfully concluded fundraise with $114 million gross proceeds. 
  • Started due diligence process for intended loan with guarantees from the German Federal Government and the State of Bavaria.  
  • Lilium in advanced discussions with the French government towards a government guarantee-backed loan. 

Management Comment  

Lilium CEO Klaus Roewe commented: “Lilium continues its disciplined approach. Our focus is on the delivery of key program milestones such as the start of production of our aviation-grade battery packs achieved in April. Our engineering and manufacturing teams are currently working full speed to achieve the first manned flight of the Lilium Jet, targeted for the end of this year. We will be keeping the market abreast of program progress over the course of the year.” 

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