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Business Air News Bulletin
Business Air News Bulletin
The monthly news publication for aviation professionals.

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Lilium GmbH
Aircraft

Lilium Jet

BAN's World Gazetteer

Germany
The monthly news publication for aviation professionals.

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Fresh capital sets Lilium on the path to manned flight
Proceeds from Lilium's latest funding round will be used to advance commercialisation and means of compliance, as well as assembly of the type-conforming aircraft for the final manned flight test campaign.
Lilium investor Honeywell is to provide the avionics systems, flights controls and electric motors used to guide and power the jet.
Read this story in our December 2022 printed issue.

Lilium has successfully closed a $119 million capital raise from existing shareholders, new investors and strategic partners. Participants include Honeywell and Aciturri as well as LGT and its affiliated impact investor Lightrock, Tencent, B Riley Securities and certain affiliates thereof. Lilium CEO Klaus Roewe, as well as board members Barry Engle, David Wallerstein and Niklas Zennström, also participated.

“We are pleased to have such a high-quality group of supporters in a challenging macro environment," says Roewe. "These proceeds are expected to strengthen our balance sheet and advance our commercialisation efforts, including signing of customer agreements with pre-delivery payments, reaching an agreement with EASA on our Means of Compliance and commencing assembly of the type-conforming aircraft for the final manned flight test campaign.”

Honeywell vice president and general manager of urban air mobility Stéphane Fymat adds: “Honeywell and Lilium share a common vision of the importance of electric aviation and the positive impact it will have on air transportation and decarbonisation. We are proud to partner with Lilium as the provider of the avionics systems, flights controls and electric motors used to guide and power its revolutionary electric jet.”

The capital raise was a concurrent private placement and registered direct offering (RDO). Citigroup, B Riley Securities and Piper Sandler acted as placement agents for the offerings. Lilium intends to use the net proceeds from the offerings to continue to fund its operations, develop the Lilium Jet and for general corporate purposes, which may include payment of Lilium's suppliers and working capital uses.

Other News
 
Dedienne will tool up for Lilium
June 11, 2024
Dedienne Aerospace will be there supporting Lilium’s engineering, ramp-up production and ground equipment availability for every flight and location.
Lilium to expand industrial footprint with high-volume facilities in France
May 15, 2024
Lilium is keen to leverage France’s unique aerospace heritage and vast supplier base in aerospace and electrification to expand its high-volume production capacity of the Lilium Jet.
Full-scale Lilium Jet model to be unveiled at EBACE
May 1, 2024
Lilium is making the inaugural public debut of its full-scale Lilium Jet model in Geneva at the end of May, and will participate in discussions on the Innovation Stage.