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(Reuters) -The race to become the first Western air-taxi company to carry passengers lost a high-profile competitor this month when Germany's Lilium succumbed to a cash crisis, throwing a fresh ...
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In parallel, Lilium reports continuing program momentum both on the commercial and technology side as the company gears up towards first manned flight of the all-electric Lilium Jet. M&A process continues as planned Following Lilium’s insolvency filing and the start of preliminary insolvency proceedings under self-administration, the M&A ...
In 2019, Lilium was named second in LinkedIn Germany's 'Top Startups' list. [55] In 2021, the Lilium Jet won the IF Gold Award in the discipline of Professional Concept. [56] In 2024 Lilium design team received an award at the eVTOL Insights’ Global Advanced Air Mobility Awards: "Design Team of the Year" [57]
Lilium says that it refers to the propulsion system as a "jet" because the propellers are enclosed in nacelles. [11] The production Lilium Jet is intended to accommodate six passengers and one pilot. It is powered by 36 electric motors, six on each of the two front canards and twelve on each rear wing.
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The "little bit of news" came via earnings reports from Alphabet (GOOGL, GOOG) and Tesla after the bell on Tuesday leading into Wednesday's sell-off. Lerner noted that the earnings weren't bad but ...