Using the 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. Lilium (NASDAQ: LILM) is creating a sustainable and accessible mode of high-speed, regional transportation for people and goods. Vice President, Information for Investors:
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. We hope to announce further updates soon.” We remain in multiple constructive discussions with existing and potential new investors.
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With this financing, we are excited to continue our development program at full pace. Lilium CEO Klaus Roewe stated, “The capital raise announced today marks an important development in our ongoing mission to revolutionize the aviation industry.
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. 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. A Form 6-K has been filed by the Company with the Securities and Exchange Commission on May 1, 2023. (“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. On Demand: Purchase videos from creators individual for a small fee to watch instantly and support their work.MUNICH, Germany, : Lilium N.V.Couch Mode: Couch mode basically lets you watch videos in full screen.
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