Lilium

Lilium is a Munich-based aerospace company founded in 2015 by Daniel Wiegand and a team of TU Munich engineers to develop an all-electric vertical takeoff and landing (eVTOL) jet for regional air mobility. The Lilium Jet uses 30 electric engines mounted on its canard wings to achieve vertical lift and efficient cruise flight, targeting ranges of up to 300 km at speeds over 250 km/h. Lilium went public on NASDAQ in 2021 but faced financial challenges and entered insolvency proceedings in late 2024. A consortium of European investors acquired the company in early 2025, allowing development to continue. Lilium remains one of the most ambitious European eVTOL programs and a test case for the viability of electric regional air transport.