Lilium Partners With Star Charge To Develop Best-In-Class Charging System For eVTOL Operations
Portfolio Pulse from Benzinga Newsdesk
Lilium N.V (NASDAQ:LILM) has partnered with Star Charge to develop and provide a customized charging system for its all-electric eVTOL jets. Lilium ordered 120 chargers from Star Charge for ground and flight testing, aircraft maintenance, delivery center activities, and customer vertiports. The chargers, compatible with the Combined Charging System (CCS), feature liquid cooled cables for fast charging, expected to reduce charging times and support higher utilization of the Lilium Jet. Deliveries of the chargers will begin this year, with Lilium's eVTOL service expected to start in 2026.
February 20, 2024 | 10:07 pm
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Lilium N.V partners with Star Charge for a customized eVTOL charging system, ordering 120 chargers to enhance its fleet's efficiency and customer vertiport infrastructure. The partnership aims to reduce charging times, supporting higher jet utilization and service launch in 2026.
The partnership with Star Charge and the order of 120 chargers is a significant development for Lilium, indicating progress in its eVTOL jet infrastructure and operational efficiency. This move is likely to be viewed positively by investors as it demonstrates Lilium's commitment to reducing charging times and enhancing the utilization of its jets, which are critical factors for the commercial success and scalability of its eVTOL service. The announcement could lead to increased investor confidence in Lilium's operational capabilities and its path to service launch, potentially impacting its stock price positively in the short term.
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