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Top related persons:
Klaus Roewe - 1 Lilium - 1 Roewe - 1 China's - 1 Daniel Wiegand - 1 Lilium's - 1 Wiegand - 1
Top related locs:
Weßling Bavaria
Top related orgs:
CNBC Tech - 1 Earlybird Venture - 1 eVTOL Aircraft - 1

Search resuls for: "Roewe"


4 mentions found


☆ 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
☆ 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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