The Business Model of Lilium GmbH

Lilium GmbH was formed in 2015 by Daniel Wiegand, Sebastian Born, Patrick Nathen, and Matthias Meiner, all of whom are engineers and doctorate students at the Technical University of Munich. The publicly traded firm is working on the development of a vertical take-off and landing aircraft. The Lilium Jet is a 36-motor all-electric aircraft. It is intended to be capable of transporting many people independently as an air taxi. Lilium's vision is for everyone to be able to fly on their Lilium Jet in a manner similar to that of an air taxi. Similar to traditional taxi services (Uber), passengers should be able to request a plane to the next pick-up location via an app. It will initially be piloted by a human, but will eventually be handled by a computer. Lilium's objective is to build a regional high-speed transportation system that is both sustainable and accessible.