Volker Heun

T

    he traffic volume in
    many cities is already
    too high
– chaos, traffic jams and gridlocks are the result. Innovative mobility concepts are in demand everywhere, on the one hand to get from A to B as quickly as possible, and on the other hand to implement this requirement as efficiently and resource-savingly as possible. The commercial use of inner-city airspace is set to play a major role in the future – Urban Air Mobility is the name given to companies that are working on the development of so-called air taxis. Already today, there are more than 110 urban or regional projects worldwide for the provision of autonomous air transport services, from Dubai to Singapore.

However, these projects are not only being worked on in the major metropolises of the world, but also outside the gates of Munich. Located near the idyllic Ammersee and Starnberger See lakes, it seems to be the perfect place for a new project in the sky, because this is where history and future come together: in the past, engineers from the legendary aviation company Dornier designed one of the world’s most innovative aircraft, the Do 31, there at the end of the 1960s. It was a vertical take-off aircraft that proved its performance in numerous test flights, but never went into series production because NATO preferred to rely on cargo helicopters. And today, experts from the Lilium company are developing electrically powered air taxis here that are reminiscent of science fiction films and are set to go into series production in a few years.

But a lot of money is still needed before that can happen. That is why Lilium is planning to go public – the shares will be traded on the Nasdaq technology exchange in the future. The investors include the Liechtenstein private bank LGT and funds from Blackrock and Tencent. With the IPO and earlier financing rounds, the start-up has already raised more than one billion dollars from investors.

In general, the electric air taxi industry is currently flooded with venture capital. Recently, Archer and Joby Aviation, two American competitors of Lilium, have raised 1.1 and 1.6 billion dollars respectively in a similar way. The companies were valued at 3.8 and 6.6 billion dollars, Lilium at 3.3 billion.

The company is driven above all by a vision: “We dream of a world in which everyone can fly to any destination at any time,” Lilium CEO Daniel Wiegand is quoted as saying. “We’ve put an incredible amount of thought and care into the design of the aircraft and the services to achieve just that.” The idea is that one day the cost per kilometre flown will not exceed that of a taxi.

Unlike most other providers in the sector, Lilium is not primarily focusing on inner-city transport, but on regional routes. Business travellers would then be able to travel quickly even to areas that are poorly served by high-speed railway lines or motorways. Fully electric, the air taxis are also much quieter than other means of transport and, above all, CO2-free. The idea of removing short national flights from the political agenda also plays an important role. On such a relatively short route, a Lilium series aircraft with a range of more than 250 km and a cruising speed of 280 kilometres per hour can be used without any problems.

Another important aspect for the start-up from Bavaria: especially in an industry of the future, synergy with experienced companies is important. For example, Lilium wants to set up its flight service in Europe together with the Luxaviation Group from Luxembourg. The pilots of the seven-seater vertical take-off electric jets are to be employed by Luxaviation, and the company will also take care of the local operating licence. It says it is one of the world’s largest operators of business jets and helicopters and will be responsible for part of the flight operations while Lilium develops the network. In Germany, Lilium is planning stations in Cologne and Düsseldorf in addition to the take-off and landing stations in Munich and Nuremberg, and in Florida, Lilium wants to develop ten take-off and landing sites together with airport operator Ferrovial.

All the companies involved are working flat out on this project, so that the first official take-offs are already planned for 2024. It seems only a short step until a fantastic vision of the future becomes everyday reality.

Similar Posts

Stagflation – a spectre or a new reality we have to get used to?

Stagflation – a spectre or a new reality we have to get used to?

André Franzmann F or months now, we have been feeling the effects of inflation in almost all areas of life -whether at the petrol station, in the supermarket or on bills that flutter into our homes. Compared to the previous year, prices have increased across the...

CRYCO THINK TANK II

CRYCO THINK TANK II

B anken, Family Offices, Vermögensverwaltungen und darüber hinaus dieB anks, family offices, asset managers and, beyond that,L os bancos, las oficinas familiares, los gestores de activosgesamte Finanzbranche befinden sich in...

Philipp Stumpfegger: Electromobility

Philipp Stumpfegger: Electromobility

Philipp Stumpfegger I n order to counteract the consequences of climate change, researchers, politicians and companies areincreasingly looking for more climate-friendly alternatives to conventional products – including alternatives to classic cars with combustion...

Prof. Dr. Max Otte: Where do we stand today?

Prof. Dr. Max Otte: Where do we stand today?

Ö konomisch scheint die COVID-Krise überwunden.E conomically, the COVID crisis seems to have been overcome.В экономическом плане кризис COVID, похоже, преодолен.Die OECD und der internationale Währungsfonds gehen davon aus, dass die...

Hydrogen – our green opportunity!?

Hydrogen – our green opportunity!?

Jürgen Wilke / Prof. Dr. Dr. hc. Lothar Abicht T he reactions range from the euphoric assessment of green hydrogen asa central solution to the climate crisis to emotionally heated detailed discussions on the possible use of hydrogen as a fuel for a wide variety of...

2025 – The future of the financial industry

2025 – The future of the financial industry

2025 DIE ZUKUNFT DER FINANZBRANCHE THE FUTURE OF THE FINANCIAL INDUSTRY EL FUTURO DE LA INDUSTRIA FINACIERA B anken, Family Offices, Vermögensverwaltungen und darüber hinaus die gesamte Finanzbranche B anks, family offices, asset...

China: Mobile on the road to the future

China: Mobile on the road to the future

C hina ist nicht nur wirtschaftlich eine Supermacht, sondernC hina is not only an economic superpower, it now has the world'sC hina no sólo es una superpotencia económica, sino que tiene el mayorhat heute den größten Automarkt der...

Sir Richard Branson – The Visionary

Sir Richard Branson – The Visionary

R ichard Branson ist : ein Unternehmer par excellence. Wenn andere R ichard Branson is an entrepreneur par excellence. When others R ichard Branson es : un empresario por excelencia. Cuando otrosschon seit Jahren im Ruhestand sind oder diesen...

Direct hit in the football business?

Direct hit in the football business?

I nteresting investment: Why the future lies in scouting young talentsThe Coronavirus pandemic currently has the world in its grip. Even sectors that were considered absolutely crisis-proof are affected. First and foremost, professional football, which became a...

CRYCO THINK TANK for future studies

CRYCO THINK TANK for future studies

V iele Menschen denken bei spanischer Wirtschaft allenfalls an Tourismus, Obst und Gemüse, aber an Technologie? Eher Fehlanzeige. Dabei hat sich in Spanien eine Gründer- und Startup-Szene etabliert, die beachtlich ist und sich...

WordPress Cookie Notice by Real Cookie Banner