Over the past few years tens of billions of dollars, enormous numbers of hours of aerospace engineers’ precious time, and countless articles have been wasted on the Jetsons fantasy of quiet, electric, folding aircraft taking off and descending vertically amidst the towers and homes of our cities. Now the US … [continued]
A couple of months ago, I wrote about Lilium running out of money. It seemed the dream had died. After 9 years and nearly 1,000 “preorders,” Lilium just couldn’t make it financially. It’s hard to get off the ground as a startup and reach profitability, even more so in an … [continued]
As I wrote a week ago, unfortunately, following some surprise obstacles getting financial support in Germany, Lilium had to file for insolvency. The electric vertical takeoff and landing (eVTOL) aircraft startup has been getting hype and praise for years, and even logged hundreds of orders this year and planning to … [continued]
Lilium has been developing one of the more attractive eVTOL (electric vertical takeoff and landing) aircraft over the past decade or so. It also had some positive news recently. A few months ago, I noted that the company had logged a good chunk of future sales in the UK. Three … [continued]
Lilium is one of the leaders in the electric aircraft industry, or more specifically the early electric vertical takeoff and landing (eVTOL) market. It seems to have one of the more appealing and practical aircraft designs, and it is breaking through barriers (or I should say, flying over barriers) quicker. … [continued]
Lilium is one of the top electric aircraft companies we’ve been keeping an eye on for the past several years. It’s always seemed to have a pretty sensible, practical, efficient approach to getting electric vertical takeoff and landing (eVTOL) vehicles to the next level. Just one week ago we got … [continued]
Miami, Florida — Lilium N.V. (NASDAQ:LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet and global pioneer in Regional Air Mobility (RAM), yesterday announced their partnership with advanced air mobility (AAM) operator UrbanLink to operate Lilium Jets in South Florida. As part of the agreement, UrbanLink will … [continued]
Some people think Lilium’s stock will be the next thing to take off!
Electric vertical takeoff and landing (eVTOL) aircraft companies like Lilium seem to be a dime a dozen these. Many people have the perfect outlandish design for the electric air taxi of the future — or so they say. While most of these startups will never make it out of the … [continued]
The takeaway here shouldn’t be that cleantech firms are high risk and over valued. The takeaway is that unscrupulous people found a way to fleece a lot of investors of a lot of money via SPACs.
