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☆ Inside the world of flying cars, or eVTOLs, which are moving closer to reality
▼ + stars: | 2024-04-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +6 min

Source: Alef AeronauticsWhat if flying around in an electric vehicle is a key part of the way you travel in the future? EVTOLs, or electric vertical take-off and landing vehicles, popularly known as flying cars or air taxis, are being developed by firms in the U.S. to Europe and Asia. Four of the most common eVTOLsAn eVTOL aircraft can take off and land vertically. From the technologies they use to take off and land to the fact they're electric, eVTOLs are trying to distinguish themselves from helicopters. While some wealthy individuals may own their electric aircraft, they will more likely be operated in fleets by an operator, as is the case with airlines.

Persons: Lilium, Jim Dukhovny, Tim Draper, EHang Organizations: Aeronautics, JPMorgan, CNBC Tech, Aviation, European Union Aviation Safety Agency, Federal Aviation Administration, Civil Aviation Administration of China, eVTOLs, Alef Aeronautics Alef Aeronautics, Alef Aeronautics, SpaceX, Theranos Locations: U.S, Europe, Asia, —, eVTOLs, United States, China, Munich, Germany, Spain

☆ Inside Lilium, the German company trying to revolutionize air travel
▼ + stars: | 2024-04-12 | by ( Arjun Kharpal | Cristy Garratt | ) www.cnbc.com time to read: +2 min

German aerospace company Lilium wants to revolutionize air travel with its electric vertical take-off and landing (eVTOL) jet. "Revolutionize means make it absolutely zero emission," Lilium CEO Klaus Roewe told CNBC Tech in an interview. "We want to make a regional plane that has a decent transport capacity to have a meaningful effect on CO2 emission reduction." Less than a decade after being founded by four university students, the group is now one of Europe's leading eVTOL companies. Lilium, which is backed by the likes of China's Tencent and Earlybird Venture Capital, has started taking orders from the premium market.

Persons: Klaus Roewe, Lilium, Roewe, China's, Daniel Wiegand, Lilium's, Wiegand Organizations: CNBC Tech, Earlybird Venture, eVTOL Aircraft Locations: Weßling, Bavaria

☆ Flying cars — or eVTOLs — are becoming reality. Would you ride in one?
▼ + stars: | 2024-04-01 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +36 min

They are flying cars, they're flying cars,Tom Chitty: These vehicles aren't necessarily actually cars with wheels, either, because I know that you've done you've got a program coming up soon about eVTOL. And the idea is there's going to be a fleet of these run by an operator. You've alluded to this feature program we've got coming out looking at the future of these, these flying cars, basically in these eVTOLs. And also, we can't finish this episode about flying cars and eVTOLs without talking about Chitty Chitty Bang Bang, the OG. Yeah, no, that's, that's very surprising.

Persons: Tom Chitty, Arjun Kharpal, who's, I've, we've, We've, I'm, they'd, I'd, there's, Arjun, that's, we're, you've, there'll, they're, You've, Kharpal, it's, you'll, They've, Morgan Stanley, someone's, What's, they've, They're, Big Ben, Chitty Chitty Bang Bang, Chitty Bang Bang, Tom, We'll Organizations: JPMorgan, CNBC, Mar, Airbus, Archer Aviation, Joby, Infrastructure, Boeing, Heathrow Airport, Civil Aviation Administration, U.S . Federal Aviation Administration, FAA, Autonomy, London, Transport Locations: Spain, China, Europe, Munich, Germany, beyondthevalley@cnbc.com, London, Chinese, Guangzhou, Birmingham, U.S, Manchester, it's, eVTOLs, Battersea, Heathrow

☆ Flying taxi firm Lilium receives EU approval for its electric jets
▼ + stars: | 2023-11-27 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Lilium, a German air taxi firm, has received regulatory approval to design and operate its electric vertical takeoff and landing vehicles, the company said Monday. Alastair McIntosh, Lilium's chief technology officer and head of design organization, said the approval is effectively a "license to operate" for the firm. "Receiving Design Organization Approval from EASA further motivates us on our path to commercialize the revolutionary Lilium Jet," McIntosh said in a statement Monday. I would like to congratulate Lilium on achieving this Design Organization Approval, which advances Europe's electric aviation activity," he added. It's a key milestone for the industry, which has been working for several years to get such vehicles ready for commercialization.

Persons: Lilium, Alastair McIntosh, McIntosh, Luc Tytgat Organizations: European Union Aviation Safety Agency, EU, Lilium Locations: German

☆ Germany air taxi firm Lilium plans to raise $250 mln, shares jump
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +1 min

Tencent-affiliate Aceville Pte Ltd will get 184.2 million Lilium warrants worth $1 per Class A share, Lilium said. Lilium did not disclose the valuation at which it planned to raise the funds. The company had a market capitalisation of $152.43 million as of the close of trade on Monday, according to Refinitiv data. Lilium is competing in a crowded market for eVTOL vehicles, hoping to replace cars with aircraft or helicopters for road trips or short hops. It had about $157.5 million of cash, cash equivalents and other financial assets as of March 31.

☆ Air taxi firm Lilium says in funding talks, defends battery design
▼ + stars: | 2023-03-28 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

PARIS, March 28 (Reuters) - German air taxi developer Lilium said on Tuesday it was in "active and constructive" discussions for new funding as it ramps up battery-cell production. But the challenge of securing certification and funding innovations such as batteries weigh heavily on the new sector. In November, Lilium raised $119 million from existing and new shareholders and partners such as Honeywell. Headed by former Airbus executive Klaus Roewe, Lilium is initially targeting contracts with large corporations and private individuals. Critics say the more radical design may be harder and take longer to certify than other eVTOL models.

☆ Lilium aims to build 400 air taxis a year, seek grants
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +3 min

PARIS, Sept 28 (Reuters) - German air taxi developer Lilium Air Mobility plans to set up industrial capacity to make some 400 of its electrically powered Lilium Jet flying shuttles a year, while tapping schemes that provide public research support, its new chief executive said. But the challenges of securing certification and funding the innovations such as fresh battery technology have weighed on the new sector. Register now for FREE unlimited access to Reuters.com Register"I am pushing hard (for) a production system for 400 aircraft. "Let's size it and let's see how we have to design a production system including the whole supply chain for 400 aircraft," Roewe said after a quarterly shareholder update. The company is planning for the first time to tap standard public sources of funds such as research grants, Roewe said.

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