"Lilium: Revolutionizing Air Travel from the Inside Out"

1 min read
Source: CNBC
"Lilium: Revolutionizing Air Travel from the Inside Out"
Photo: CNBC
TL;DR

German aerospace company Lilium aims to revolutionize air travel with its electric vertical take-off and landing (eVTOL) jet, targeting zero emissions and a meaningful reduction in CO2 emissions. With a successful prototype test in 2022, the company plans to enter service by 2026 and has attracted investment from Tencent and Earlybird Venture Capital. Priced at $9 million for a premium market jet and $7 million for a six-seater version, Lilium differentiates itself from competitors by focusing on regional flights and utilizing jet technology for longer range.

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