Lilium N.V (Nasdaq: LILM), the developer of the first all-electric
vertical take-off and landing (“eVTOL”) jet, has partnered with
Star Charge, global leader in electric vehicle charging
infrastructure and microgrid solutions, to develop, customize, and
provide charging systems for its Lilium Jets. Today, at the
Singapore Airshow, the companies announced that Lilium placed a
first order of 120 chargers for its ground and flight testing
aircraft, as well as for its aircraft maintenance and delivery
center activities. Lilium will also provide charging stations to
its customers investing into vertiports.
Lilium previously announced its adoption of the
Combined Charging System (CCS) standard for rapid charging. Star
Charge’s customized, fast-charging system will be fully compatible
with the Lilium Jets and other eVTOLs compatible with CCS. The
chargers will feature an extra-long liquid cooled charging cable
for high-performance charging, suitable for varied landing
infrastructure.
By using Star Charge’s CCS chargers, Lilium
expects to reduce charging times significantly, in comparison to
other chargers without liquid cooled charging cables. Reduced
charging times will support reduced turnaround times between
flights and provide higher utilization of the Lilium Jet.
“We are grateful to have received the first
order of CCS chargers by a leading eVTOL manufacturer and look
forward to commencing deliveries this year,” said Star Charge
Europe CEO, Ji Cheng. “We look forward to partnering with Lilium to
power the next generation of mobility, offering greater time-saving
benefits to passengers while considerably reducing the
environmental impact of travel.”
“Our partnership with Star Charge will support
the Lilium Jet´s development and certification along with our
customers’ ground infrastructure development. Its high performance
and liquid cooled charging cable is a unique feature and Star
Charge´s proven expertise in charging infrastructure is crucial for
regional air mobility,” said Lilium CCO, Sebastien Borel.
Lilium began production of the Lilium Jet in
late 2023, following its Design Organization Approval by EASA. As
Lilium expects to enter into service in 2026 and as its global
fleet size grows, Lilium expects material profit contribution in
recurring revenue from its Aftermarket Service Business, including
electrical chargers.
Lilium contact information for
media:
Meredith BellVice President, External
Communicationspress@lilium.com
Lilium contact information for investors:
Rama BondadaVice President, Investor
Relationsinvestors@lilium.com
Star Charge contact information for media:
Dr. Harini HariharanSenior Manager, Business
Intelligence and Marketingh.hariharan@starcharge.com
About Lilium
Lilium (NASDAQ: LILM) is creating a sustainable
and accessible mode of high-speed, regional transportation for
people and goods. Using the Lilium Jet, an all-electric vertical
take-off and landing jet, designed to offer leading capacity, low
noise, and high performance with zero operating emissions, Lilium
is accelerating the decarbonization of air travel. Working with
aerospace, technology, and infrastructure leaders, and with
announced sales and indications of interest in Europe, the United
States, China, Brazil, the UK, the United Arab Emirates, and the
Kingdom of Saudi Arabia, Lilium’s 950+ strong team includes
approximately 500 aerospace engineers and a leadership team
responsible for delivering some of the most successful aircraft in
aviation history. Founded in 2015, Lilium’s headquarters and
manufacturing facilities are in Munich, Germany, with teams based
across Europe and the U.S. To learn more, visit www.lilium.com.
About Star Charge
Star Charge, a global leader in electric vehicle
charging infrastructure and microgrid solutions, operates in 20
countries with manufacturing facilities in USA, Vietnam, and China.
To contribute to the energy transition towards a more sustainable
future, Star Charge focuses on evolving solutions through
innovative technology in the e-mobility sector, aiming to build a
mobile and efficient energy network.
Lilium Forward Looking Statements
This press release contains certain
forward-looking statements within the meaning of the U.S. federal
securities laws, including, but not limited to, statements
regarding (i) Lilium N.V.’s and its subsidiaries (collectively, the
“Lilium Group”) proposed business and business model, (ii) the
markets and industry in which the Lilium Group operates or intends
to operate, (iii) the Lilium Group’s agreement and collaboration
with Star Charge, as described herein, (iv) the anticipated timing
of the commercialization and launch of the Lilium Group’s business,
including timing of the Lilium Jet’s entry into service, and the
expected results of the Lilium Group’s business and business model;
(v) the Lilium Jet’s ability to use CCS chargers and Star Charge’s
CCS chargers ability to reduce charging times for the Lilium Jet;
and (vi) Lilium’s expectations with respect to the scope of its
Aftermarket Service Business, its ability to generate revenue and
profits from such business, and the significance of any related
revenue and profits. These forward-looking statements generally are
identified by the words “anticipate,” “believe,” “could,” “expect,”
“estimate,” “future,” “intend,” “may,” “on track,” “plan,”
“project,” “should,” “strategy,” “will,” “would” and similar
expressions. Forward-looking statements are predictions,
projections, and other statements about future events that are
based on management’s current expectations with respect to future
events and are based on assumptions and are subject to risk and
uncertainties that are subject to change at any time. Actual events
or results may differ materially from those contained in the
forward-looking statements. Factors that could cause actual future
events to differ materially from the forward-looking statements in
this press release include those risks and uncertainties discussed
in Lilium’s filings with the U.S. Securities and Exchange
Commission (the “SEC”), including in the section titled “Risk
Factors” in our Annual Report on Form 20-F for the year ended
December 31, 2022, on file with the SEC, and similarly titled
sections in Lilium’s other SEC filings, all of which are available
at www.sec.gov. Forward-looking statements speak only as of the
date they are made. You are cautioned not to put undue reliance on
forward-looking statements, and Lilium assumes no obligation to,
and does not intend to, update, or revise these forward-looking
statements, whether as a result of new information, future events
or otherwise.
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