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The company might struggle to source badly needed funding.
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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 ...
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.
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]
About Lilium Lilium (NASDAQ: LILM) is creating a sustainable and accessible mode of high-speed, regional transportation for people and goods. Using the Lilium Jet, an all-electric vertical take-off and landing jet, designed to offer leading capacity, low noise, and high performance with zero operating emissions, Lilium is accelerating the ...
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 ...
The Lilium Jet is "Planned for 2025" Explanation of issue: It currently says "Planned for 2024". This needs to be updated to reflect the correct date. Information to be added or removed: The Lilium Jet is a vertical take-off and landing electrically powered aircraft designed and produced by Lilium GmbH.