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Lilium N.V.
Lilium N.V. is a other; the Altss profile covers its classification, headquarters, registration, AUM band, and key contacts for private-markets fundraising and...
Lilium N.V.
Lilium N.V. is a Houston-based investment adviser registered with the SEC since 2021.
General information
Firm type
other
Location
Region
Europe
Frequently asked questions
Did Lilium ever fly passengers?
No. Lilium conducted its first test flight in 2019 with a two-seat technology demonstrator, but never completed full certification. The company targeted 2025 for commercial launch but entered insolvency in late 2024 without approval from EASA or FAA (per Reuters, 2024).
What caused Lilium's collapse?
Lilium ran out of cash after failing to secure a €50M loan guarantee from the German government. The firm had already raised over $1.5B from investors including Tencent and Baillie Gifford, but could not close a sufficient bridge round to reach certification (per Reuters, December 2024).
Was Lilium a publicly traded company?
Yes. Lilium merged with SPAC Qell Acquisition Corp. in September 2021 and traded on the Nasdaq under ticker LILM. Its peak market capitalization approached $3.3B before declining to near zero by late 2024 (per SEC filings).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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