Lilium PEG

What does Lilium do? Lilium NV is a company based in Wessling, Germany, operating in the Industrials sector within Aerospace & Defense. It has 947 employees and went public via an IPO on November 23, 2020. The company develops all-electric vertical take-off and landing (eVTOL) aircraft, focusing on air transport systems for people and goods. Its primary product is the Lilium Jet, an electric, seven-seater aircraft capable of vertical take-off and landing with low noise emissions. The Lilium Jet utilizes Ducted Electric Vectored Thrust (DEVT) technology, which involves electric turbofans housed within cylindrical ducts. This technology is central to the aircraft's design, combining battery technology, lightweight materials, sensors, computing power, and propulsion systems. Lilium NV also operates a digital platform that integrates its eVTOL aircraft with vertiports, offering online booking services for customers to find flights, make reservations, select travel products, and provide passenger information. The company's headquarters are located in Wessling, Bavaria, and it maintains a website at https://qellspac.com/. The firm's focus is on creating sustainable urban air mobility solutions, emphasizing connectivity and efficiency in air transport. Lilium NV's business model integrates hardware development with digital services to support a comprehensive air mobility ecosystem. The company's product and services aim to address urban transportation challenges through innovative electric aviation technology. Its operations are centered on developing and deploying eVTOL aircraft for commercial use, targeting both passenger and cargo transport markets. Lilium is one of the most popular companies on Eulerpool.