Lilium

#5245

Rank

$717.59M

MarketCap DE

DE Germany

Country

Summary
Lilium N.V., a transportation company, engages in the research and development of electric vertical takeoff and landing aircrafts for use in high-speed air transport system for people and goods. Lilium N.V. was incorporated in 2015 and is headquartered in Wessling, Germany.

History

Lilium GmbH was founded in 2015 by four engineers and PhD students at the Technical University of Munich, Daniel Wiegand, Sebastian Born, Matthias Meiner and Patrick Nathen.The Lilium Eagle, an unmanned two-seat proof of concept model, performed its maiden flight at the airfield Mindelheim-Mattsies near Munich in Germany on 20 April 2017. The Lilium Jet five-seater prototype Phoenix first flew in May 2019. The prototype was powered by 36 electrically-powered jacketed-propellers mounted in movable flaps that can point down for vertical takeoff and gradually moved to a horizontal position to provide forward thrust. The five-seat Lilium Jet is capable of achieving a top speed of 300km/h and targets a range of 300 km. In 2017, Lilium announced plans to launch a 5-seat Lilium Jet by 2025, aimed for the air taxi service market. At the beginning of 2019, Lilium held discussions with the Switzerland's national rail company SBB on the use of the air taxi as a means of transport between the station and at home and a letter of intent was signed. In October 2019, Lilium released footage showing the Jet in full flight, taking off vertically and transitioning to horizontal flight. Lilium also announced the completion of its first manufacturing facility in October 2019. In November 2020, Lilium announced a partnership with the developer Tavistock Development Company to build a $25 million “vertiport” in Orlando, Florida.As of 2018, the registered office of Lilium GmbH was in Weßling near Gilching in Bavaria, Germany. Lilium completed a new financing round of $90 million in September 2017. From May 2018 to November 2019, the car designer Frank Stephenson was chief designer for Lilium. He previously worked for BMW and designed various sports car brands. Also in 2018, Arnd Mueller, previously Chief Brand Marketing Officer & GM Esprit Image GmbH-Member of the Executive Management Team, became VP Marketing of Lilium. He is to build the air taxi development company and its product into an international brand. In September 2018, Yann de Vries, formerly partner at Atomico, became the new VP of corporate development Lilium.In July 2019, Lilium announced London, UK as its base to develop its software engineering team. The engineering team is led by Carlos Morgado, former chief technology officer of Just Eat. Luca Benassi, a former Airbus executive with experience at Boeing and NASA, has been named Lilium’s chief development engineer. Yves Yemsi who worked as head of program quality for Airbus A350 aircraft has been hired as chief program officer. Dirk Gebser has joined as vice president of production.In March 2020, Lilium raised $240 million in funding led by Tencent, with participation of previous backers such as Atomico, Freigeist and LGT. In January 2021 it was reported that Lilium was seeking to become a listed company via a special-purpose acquisition company ; the company completed a SPAC merger in September 2021. The company also confirmed it was redesigning its aircraft.

Former Airbus CEO, Tom Enders, joined Lilium's board of directors in January 2021. In early June of 2022 it was announced that Klaus Roewe would become CEO of Lilium on August 1, replacing Daniel Weigand.In August 2021 the Brazilian airline Azul signed a letter of intent for 220 Lilium Jet seven-seaters.


Mission
Lilium's mission is to make air travel accessible and sustainable. We are committed to creating a way of travelling that is more efficient, more convenient and better for the environment.

Vision
Lilium's vision is to provide people with an environmentally friendly, accessible and time-efficient mode of transport that will improve lives across the globe.

Key Team

Mr. Yves Yemsi (Chief Operating Officer)

Bjorn Scheib (Investor Relations)

Mr. Matthias Meiner (Co-Founder & Chief Engineer)

Mr. Roger Mark Franks (Chief Legal Officer)

Mr. Geoffrey Richardson (Chief Financial Officer)

Mr. Karim Jalbout (Chief People Officer)

Mr. Alastair McIntosh (Chief Technology Officer)


Recognition and Awards
Lilium has won multiple awards such as the Red Dot award for design, the International Automobile Federation Technology Innovation prize, and has been named one of the most disruptive companies in 2017 by CNBC.

References
Lilium
Leadership team

Mr. Sebastian Born (Co-Founder and Head of Structure & Interior)

Mr. Daniel Wiegand (Co-Founder, Chief Engineer for Innovation & Future Programs and Exec. Director)

Mr. Klaus Roewe (Chief Exec. Officer)

Products/ Services
Aerospace, Air Transportation, Transportation
Number of Employees
500 - 1000
Headquarters
Weßling, Bayern, Germany
Established
2015
Company Registration
SEC CIK number: 0001855756
Traded as
LILM
Social Media
Fri Feb 23 2024
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