Lilium Manages Cash Flight Path to eVTOL Aircraft Certification | Aviation International News

Lilium Manages Cash Flight Path to eVTOL Aircraft Certification

The German company has also established a business unit in Shenzhen, China

German chancellor Olaf Scholz and Lilium CEO Klaus Roewe — Lilium CEO Klaus Roewe (right) showed Germany's Chancellor Olaf Scholz the company's Lilium Jet eVTOL aircraft at the recent ILA air show in Berlin.

By Charles Alcock • Managing Editor

June 11, 2024

Lilium has told investors it is sticking to a “disciplined approach” to completing type certification of its four- to six-passenger eVTOL aircraft by the end of 2025. In a letter to shareholders published on Tuesday, the company said it ended the first quarter with €102 million ($109 million) in unaudited liquidity, adding that this war chest has since been boosted by $114 million in fresh funding raised in May.

As it continues to produce the first production-conforming examples of its Lilium Jet at its headquarters near Munich, the company is now projecting cash spending for the first half of 2024 of between €185 million and €195 million. Lilium is aiming to start flight testing as part of the EASA certification process by the end of 2024.

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