Lilium NVNASDAQ LILM Stock Report

Lilium NV develops all-electric vertical take-off and landing jets. The company is headquartered in Wessling, Bayern and currently employs 964 full-time employees. The company went IPO on 2020-11-23. The firm is focused on developing an electric vertical takeoff and landing (eVTOL) aircraft for use in air transport system for people and goods that offers connectivity. The firm's product is an electric, seven-seater jet aircraft that take-off and land vertically with low noise, which is called as the Lilium Jet. Its eVTOL aircraft is made up of battery technology, lightweight materials, sensors and computing power and propulsion technology. The firm's Lilium Jet architecture is based on Ducted Electric Vectored Thrust (DEVT) technology. DEVT consists of electric turbofans mounted within a cylindrical duct. The firm also operates a digital platform, which provides integration between Lilium Jets and its vertiports. Its online booking channels help customers find suitable flights, make reservations, select related travel products and collect necessary passenger information.