Lilium Expands Into UK Market With eVolare, Signs Binding Contract Including Pre-delivery Payment for Up to 20 Aircraft

Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, announced a contract with eVolare, a subsidiary of Volare Aviation, one of the United Kingdom’s largest helicopter and private jet operators. This partnership includes a firm commitment for ten Lilium Pioneer Edition Jets, with an option to purchase an additional ten Lilium Pioneer Edition Jets.

eVolare will be Lilium’s lead partner and launch operator in the UK for sales of the Lilium Jet to private individuals.

By association with such a leading voice in the private aviation sector, Lilium will benefit from eVolare’s extensive expertise within the UK aviation network, and its premium market to manage Lilium Pioneer Edition Jets in the UK. In addition, eVolare will provide safe and reliable operation of Lilium’s aircraft from Oxford, running a maintenance service centre and investing in landing infrastructure for Lilium’s UK network.

The Lilium Pioneer Edition Jet was formally launched the same day and comes with a compelling service, support, and training package, as well as customisable options for the cabin configuration and exclusive fabrics and materials. The agreement between Lilium and eVolare will provide an opportunity for customers that regularly travel between locations within the UK to be part of an exclusive group of early adopters that can experience the future of sustainable regional air mobility.

Dustin Dryden, founder of eVolare said: “The revolutionary technology of the Lilium Pioneer Edition Jet coupled with its unique, premium cabin, made it a natural choice for us when looking to meet the future demands of an environmental conscious market. For all our customers, we can offer point to point time-saving travels in a sustainable, safe manner while introducing some incredibly exciting innovation to the UK market.”

Klaus Roewe, CEO of Lilium said: “We are delighted to launch our Lilium Pioneer Edition Jet with eVolare. Not only is the demand for sustainable regional air mobility in London high but eVolare’s experience serving customers with business jets and helicopters operations is a great fit to our commercial first phase: getting the premium segment to adopt our aircraft while preparing the entire ecosystem for a larger market. eVolare’s visionary approach to sustainable air mobility also makes them the perfect partner for the United Kingdom.”