EDGE
  • home.svg
    Home
  • news.svg
    All updates
  • news.svg
    EDGE Insights
  • list.svg
    Industries
  • db-search.svg
    Company search
  • company-list.svg
    My Watchlists (Beta)
All updates

All updates

icon
Filter
Funding
Lilium secures state aid from Germany to retain technology
Passenger eVTOL Aircraft
Sep 11, 2024
This week:
M&A
Creador acquires hospitality marketplace MG Group for undisclosed sum to expand global operations
Travel Tech
Jan 2, 2025
Product updates
‧
Industry news
LeddarTech unveils new AI-driven ADAS platform at CES 2025
Auto Tech
Jan 2, 2025
Partnerships
Ansys and Cognata partner to enable ADAS/AV sensor testing on Microsoft Azure
Auto Tech
Jan 2, 2025
Partnerships
Norma partners with Maybell Quantum to develop quantum computing systems in South Korea
Quantum Computing
Jan 2, 2025
Product updates
Insilico Medicine nominates new preclinical candidate for cancer treatment
AI Drug Discovery
Jan 2, 2025
Partnerships
Atavistik Bio partners with Pfizer to discover precision allosteric therapeutics
Precision Medicine
Jan 2, 2025
Product updates
Neumora's depression drug navacaprant fails first Phase III trial
Precision Medicine
Jan 2, 2025
M&A
Revolution Sustainable Solutions acquires Island Plastics for undisclosed sum
Waste Recovery & Management Tech
Jan 2, 2025
Funding
Infinant raises USD 15 million in Series A funding to expand product offerings
Data Infrastructure & Analytics
Jan 2, 2025
Product updates
Solayer launches LAYER governance token and non-profit foundation
Decentralized Finance (DeFi)
Jan 2, 2025
Passenger eVTOL Aircraft

Passenger eVTOL Aircraft

View industry hub
Sep 11, 2024

Lilium secures state aid from Germany to retain technology

Funding

  • Lilium, a Nasdaq-listed eVTOL jet developer, is set to receive EUR 50 million (~USD 55 million) in state aid from Germany, with support from the Bavarian State Government and the German Federal Transportation Ministry.

  • The funding aims to keep Lilium's key technology in Germany and prevent the company from relocating abroad. The decision comes after reports that Lilium was considering foreign investors and moving out of Germany.

  • Analyst QuickTake: Lilium began production of its Lilium Jet in 2023 and plans to enter service in 2026. The company's recent efforts in preparing for larger-scale production include its geographic expansion efforts with Milan Airports and Skyports for Italy in July 2024 , and Groupe Aéroport de Paris (ADP) also in July 2024 for Europe, the Middle East, and Asia, the Bao'an District for China in June 2024 , and UrbanLink for South Florida in May 2024 . Lilium also announced in July 2024 that its first customer deliveries are set for 2026 as planned.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.