VCH (@VCH) on getquin

VCH

@VCH

2Mon·

This week could already be decisive for $LILM the future.

www.youtube.comLilium Jet | Trailer

9 Comments

Charmin@Charmin

2Mon

There will *never* be an air cab from Lilium (i.e. in the sense of: "I start the app and 5 minutes later I'm sitting in the air cab).

The whole idea is completely crazy from start to finish, as you can see from the fact that they have changed their business model what feels like a dozen times.

It all comes back to one question: Why? What is the point of an air cab? What does it solve better than public transport? And how on earth are air cabs supposed to relieve traffic in the city?

It was and is all a big load of nonsense hyped by a few idiots with no brains. I sincerely hope that the federal government will pull the ripcord here and not throw the 50 million into the oven.

The only application I can see is in air rescue, because it *may* be cheaper than helicopters. And that's the end of it.

Okay, as a city runabout for high earners. Nice toy. But that's not a business model.

Lilium will go bankrupt. Either now or 100 million later. But they will go bankrupt in any case. Because the product is rubbish.

EDIT/PS: A few gamblers can certainly make a few swing trades in the final stage (i.e. from now on), because the thing will continue to fidget around between 0 and 1 euro for a long time.

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Tobi60@Tobi60

2Mon

If I look at the Munich cab prices, I'm probably too cheap for an air cab.
Do they not yet have any information about prices, frequency etc.? Do I need to check in for a domestic flight? Security checks?

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Wiktor_06@Wiktor_06

2Mon

Why "decisive"?

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View all 2 further answers

Charmin@Charmin

2Mon

The trailer says it all: this is probably the first and only trailer from an aircraft manufacturer in which you don't see the aircraft in the air for a second.

They can do *nothing*. Absolutely nothing. But they do it very well.

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Show answer

wasi@wasi

2Mon

The future of air cab manufacturer Lilium is uncertain and is expected to be decided by the end of the year. The Lilium Jet is to be electrically powered and able to take off and land vertically. It should be able to fly up to 250 kilometers and reach 280 km/h. But money is tight. Now, state loans amounting to 100 million euros are to lift the company out of the crisis - otherwise the start-up is threatened with insolvency, according to its own statements.
German air cab company on the brink of insolvency? State to help out with 100 million euros

Lilium, which was founded in 2015 by TU Munich graduates, is now reporting losses of almost 1.5 billion euros without generating any significant revenue. According to Welt, the operating loss at Lilium, which is based in the immediate vicinity of Munich, amounted to 185.9 million euros in the first half of 2024. In the same period last year, it was still 128.5 million euros. Overall, the losses amounted to 1.446 billion euros. Thanks to a positive revaluation of financial assets, the net loss in the first half of the year amounted to 86.9 million euros. At the end of the second quarter, the company had cash and cash equivalents of just under 110 million euros.

However, in the half-year report submitted to the US Securities and Exchange Commission (SEC), the air cab pioneer warns of insolvency. Although the company is making progress in the development of its vertical take-off electric vehicle, it urgently needs additional capital. If state financial aid, half of which is guaranteed by the federal government and half by Bavaria and is to be financed via a convertible bond from the state bank KfW, is not forthcoming, drastic cuts in business operations are imminent according to Welt, up to and including the application of "applicable insolvency law". Existing investors would invest a further 30 million euros in the start-up if the loan of 100 million euros from the federal government and Bavaria goes through.

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user35903002213@user35903002213

2Mon

What a bummer, Robert needs money from Christian again. Perhaps the Brandenburg Green Party staff can now also be paid because they have been made redundant in the state parliament and no reserves have been built up (it's not as if you're going to be kicked out of the state parliament).

https://www.faz.net/aktuell/politik/inland/lilium-bund-versagt-flugtaxi-unternehmen-50-millionen-euro-110040192.html

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