Allows development of the Lilium Jet to continue at full pace towards 2025 certification
MUNICH, Germany, May 02, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (“Lilium” or the “Company”) (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing jet, today announced a capital raise for up to $250 million, with $100 million funded at close. A Form 6-K has been filed by the Company with the Securities and Exchange Commission on May 1, 2023.
This capital raise enables Lilium to continue the development of its Lilium Jet at full pace and would cover most of the estimated capital required to achieve first manned flight of the type-conforming aircraft.
Once this development milestone is achieved, which is planned for the second half of 2024, Lilium expects to benefit from the contribution of substantial pre-delivery payments (PDPs) which will help fund its subsequent capital requirements.
Lilium CEO Klaus Roewe stated, “The capital raise announced today marks an important development in our ongoing mission to revolutionize the aviation industry. With this financing, we are excited to continue our development program at full pace. We remain in multiple constructive discussions with existing and potential new investors. We hope to announce further updates soon.”
Additional Business Updates
Lilium’s most recent Shareholder Letter, published on March 28, 2023, highlighted its continued achievements towards important milestones, including a successful high-speed Phoenix demonstrator flight, continued commercial momentum, confirmation of the Lilium Jet’s battery technology, certification progress and advances in our supply chain, all of which are accelerating the Company towards the start of production of the first type-conforming aircraft.
Recent LILM News
- Lilium Starts Production of High-Performance Battery Packs for the Lilium Jet • GlobeNewswire Inc. • 04/16/2024 11:30:00 AM
- Lilium Begins Integration of Garmin Standby Flight Instruments for the Lilium Jet • GlobeNewswire Inc. • 04/02/2024 11:30:00 AM
- Lilium Names Johan Malmqvist as Chief Financial Officer • GlobeNewswire Inc. • 03/25/2024 12:30:00 PM
- Lilium and Atlantic Aviation Unite to Electrify Regional Air Mobility Across the U.S. • GlobeNewswire Inc. • 03/13/2024 12:30:00 PM
- Lilium Supports NYC EDC’s Decision to Seek Agnostic Operator for Downtown Manhattan Heliport & AAM’s Inclusion; Heliport will Serve as Key Site in Northeast Corridor Regional Network for Lilium Jet • GlobeNewswire Inc. • 03/07/2024 12:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/27/2024 12:29:51 PM
- Lilium releases Full Year and Fourth Quarter 2023 Shareholder Letter • GlobeNewswire Inc. • 02/27/2024 11:30:00 AM
- Lilium Gears Up for Production of the Lilium Jet’s Revolutionary Electric Propulsion Units • GlobeNewswire Inc. • 02/26/2024 12:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/21/2024 11:30:14 AM
- Lilium partners with Star Charge to develop best-in-class charging system for eVTOL operations • GlobeNewswire Inc. • 02/20/2024 09:30:00 PM
- Lilium partners with PhilJets to bring eVTOLs to Asia, starting with the Philippines • GlobeNewswire Inc. • 02/19/2024 11:01:00 PM
- Lilium Announces FY and Q4 2023 Shareholder Letter and Webcast on February 27, 2024 • GlobeNewswire Inc. • 02/14/2024 01:00:00 PM
- Lilium Designates Future Orlando Vertiport as Key Network Hub, Supports its Designation as Advanced Mobility Site • GlobeNewswire Inc. • 02/08/2024 12:30:00 PM
- Lilium and AJW Group Form Strategic Collaboration on Material Management as part of Lilium’s Aftermarket Services • GlobeNewswire Inc. • 01/29/2024 12:30:00 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 01/19/2024 10:00:44 PM
- Global airport operator Fraport and Lilium to collaborate on development of commercial eVTOL network • GlobeNewswire Inc. • 01/10/2024 12:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/05/2024 10:00:17 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/12/2023 10:00:16 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 12/12/2023 05:15:17 AM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 12/11/2023 09:41:43 PM
- Lufthansa Group and Lilium sign Memorandum of Understanding for strategic partnership • GlobeNewswire Inc. • 12/07/2023 12:30:00 PM
- Lilium Starts Production of the Lilium Jet in Watershed Moment for Sustainable Aviation • GlobeNewswire Inc. • 12/06/2023 01:36:20 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/27/2023 01:30:09 PM
- Form F-3 - Registration statement by foreign private issuers • Edgar (US Regulatory) • 11/24/2023 06:38:53 PM
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