LILM Stock Discussion

Lilium N.V. Description

Lilium is creating a sustainable and accessible mode of high-speed, regional transportation for people and goods. Using the 7-Seater Lilium Jet, an all-electric vertical take-off and landing jet, offering leading capacity, low noise and high performance with zero operating emissions, Lilium is accelerating the decarbonization of air travel. Working with aerospace, technology and infrastructure leaders, and with planned launch networks announced in Germany, the United States and Brazil, commercial operations are projected to begin in 2024. Lilium's 700+ strong team includes approximately 400 aerospace engineers and a leadership team responsible for delivering some of the most successful aircraft in aviation history. Founded in 2015, Lilium's headquarters and manufacturing facilities are in Munich, Germany, with teams based across Europe and the U.S.

Sector: Industrials
Industry: Aerospace & Defense
Keywords: Aerospace Aviation Manufacturing Facilities Low Carbon Economy Electric Aircraft Urban Air Mobility Air Travel

LillyMilly1 2 months ago

Atomico, a London-based venture firm that has backed fintech darlings Stripe Inc. and Klarna Bank AB, has raised $1.24 billion for two new funds. Atomico owns 6.9% of the $LILM. https://www.bloomberg.com/news/articles/2024-09-08/klarna-stripe-backer-atomico-raises-1-24-billion-for-european-startups

LillyMilly1 2 months ago

The condition for this guarantee from the German government and Bavaria was full KfW Due Diligence, which also included the technical part. Since the guarantee was granted from Bavaria we can assume that DD was satisfactory.

This is as good as it can bes for this stage of development.
https://www.welt.de/regionales/bayern/article253444528/Lilium-soll-Staatsbuergschaft-fuer-100-Millionen-Euro-erhalten.html

LillyMilly1 about 2 months ago

Freeder has probably not developed anything especially groundbreaking like an electric plane with jet engines that nobody else does but if finished, it will render all those "propeller dinosaurs" obsolete, much like how combustion jet engines made propeller planes a thing of the past.. So far they moved the manned flight from 2024 to early 2025. You may Remember how Tesla and SpaceX adjusted their timelines multiple times. It's clear that these things take time and we should not get our panties all twisted because some deadline was moved. They are on track, they reduced the financial bleeding from 386 million to 86 million and they have fundraised over 100 million, they are waiting for 100 million more pending Bavaria (what they have) and the German government (what they will have) confirmation. Every month the the Battery developers come out with more Wh per kg solutions, and nobody knows how far will be Solid State Batteries in one and half years when Lilium Jet will hopefully go into production. I suspect the real problem with the delay is that the InoBat batteries that Lilium plans to use are still in the process of certification. Lilium has started producing high-performance battery packs and is conducting verification testing to meet the necessary safety and certification requirements I wouldn't be surprised if they still manage to pull off their first manned flight by very late 2024. It is not that Lilium Jet has been on the ground all the time, it has done several unmanned flights so far.