Lilium N.V. is an innovative aerospace company focused on developing and commercializing electric vertical take-off and landing (eVTOL) aircraft
By leveraging cutting-edge technology, Lilium aims to revolutionize urban air mobility, providing efficient and sustainable transportation solutions that connect cities and reduce congestion. The company's flagship aircraft is designed to operate as an air taxi service, incorporating electric propulsion systems that promote environmental sustainability and lower operational costs. Through its advanced design and engineering capabilities, Lilium envisions a future where air travel becomes an integral part of everyday commuting, enhancing accessibility and transforming the way people navigate urban landscapes.
Lilium shares are trading lower by 11% Monday morning. The company received a Nasdaq notice of the suspension and delisting of its Class A shares and warrants.
Lilium has entered a sales agreement with Saudia Group for 50 Lilium Jets with options for an additional 50. This marks a significant milestone in the industry and supports Saudi Vision 2030.
