Lilium N.V.

Lilium N.V. (NASDAQ: LILM) (“Lilium”), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, announces that its technology demonstrator, Phoenix 2, has achieved main wing transition. This means it is the first-ever full-size electric jet aircraft to transition from hover to wing-borne flight. This is a landmark moment for Lilium and for electric aviation as a whole.

Lilium N.V. (NASDAQ: LILM) (“Lilium”), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, partners with Honeywell and DENSO to co-develop and manufacture the Lilium Jet’s electric motor (e-motor) that will power the Lilium Jet’s engines.