Within the next few days Marian Boček will provide the portion necessary out of a total 150 million euros to keep the lights on at Lilium (OTCMKTS: LILMF) which needs around 10 million euros for salaries and rental costs each month. This is in addition to the tens of millions of euros owed to suppliers in short-term costs. Last Wednesday Marian Boček promised that the funds required will be available to Lilium. Severin Tatarczyk, who replaced Philipp Schoeller to manage Lilium Aerospace GmbH during this difficult transitory period has wisely decided not to pursue a second bankruptcy, which would have destroyed Lilium. Tatarczyk sees the lights on the distant runway, guiding the aircraft to a safe and sound financial landing. After employee salaries and other obligations are paid, this cash injection from Marian Boček will provide Lilium with the ability to continue with its plans for its first manned flight this year.
Good relations with Lilium’s suppliers, such as InoBat, and CustomCells were crucial for Lilium’s rescue and restructuring. These two companies provide batteries for Lilium aircraft. As we reported in a previously, many suppliers were interested in keeping Lilium afloat, and were willing to wait for payments for the vital materials and components Lilium needed to stay in business. Lilium itself was an investor in InoBat’s round C funding.
Time to Recharge Lilium
Marian Boček, Co-Founder and CEO of InoBat remarked in 2023:
“Lilium’s vision to revolutionize air travel and its commitment to innovation strongly align with our core strategy in the global EV market………we look forward to taking our ongoing collaboration with Lilium to the next level and helping Lilium secure high-volume, high-quality deliveries of its advanced battery cells.”
Major investors of the new Lilium Aerospace GmbH
Marian Boček (Co-founder of one of Lilium’s battery suppliers InoBat, and DTM investments.)
CustomCells (a German battery supplier for Lilium’s aircraft)
Frank Thelen (Investor of Wunderlist, Investor on German version of “Shark Tank” Die Höhle der Löwen)
Christian Reber (Founder of Wunderlist, currently at Pitch)
Jan Beckers (Ioniq)
Niklas Zennström (Founder of Skype, Co-founder of Kazaa, currently at Atomico)
Fifth Wall (US based Asset Management Company)
InoBat’s future Volta II plant in Voderady, Slovakia where batteries will be built for Lilium eVTOL aircraft and will have up to 4 GWh of production capacity. (photo courtesy of InoBat)
IonBlox, which is a California-based company which Lilium has invested in, developed the silicon anode technology that will be used in Inobat and CustomCells batteries.
Silicon anode batteries made by CustomCells for Lilium aircraft. (photo courtesy of CustomCells)
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