Lilium Welcomes KfW Due Diligence “For Up To EUR100 Million Loan”

 Lil­i­um announced this week that The Fed­er­al Gov­ern­ment of Ger­many and the Free State of Bavaria have com­mis­sioned the state devel­op­ment bank of KfW, based in Frank­furt, to con­duct due dili­gence on Lil­i­um con­cern­ing a loan as part of the usu­al state sup­port process, reports a press release. 

Once the dili­gence is com­plet­ed and the results are sat­is­fac­to­ry, Lil­i­um expects to receive guar­an­tees from the Fed­er­al Gov­ern­ment and the Free State of Bavaria as secu­ri­ty for a KfW loan, the exact amount of which could be up to EUR100 mil­lion.

Klaus Roewe, CEO of Lil­i­um, com­ment­ed, “Ger­man gov­ern­ment sup­port is not only about cre­at­ing a lev­el play­ing field with the USA and Chi­na, but also about Ger­many sig­nalling to the finan­cial mar­kets that inno­va­tions and new tech­nolo­gies are sup­port­ed. We would like to thank those respon­si­ble in Berlin and Munich for their deci­sion and the con­struc­tive coop­er­a­tion over the last few weeks.”

He added, “We expect due dili­gence to be swift as trans­paren­cy is a dai­ly rou­tine for us as a list­ed com­pa­ny.”

Klaus Roewe

Ini­tial pro­duc­tion of the Lil­i­um Jet began in 2023 with entry into ser­vice planned for 2026. The eVTOL com­pa­ny has accu­mu­lat­ed an order pipeline of over 780 Lil­i­um Jets, includ­ing bind­ing orders and MOU agree­ments from oper­a­tors in the Unit­ed States, South Amer­i­ca, Europe, Asia and the Mid­dle East

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(Top image: Lil­i­um)

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