Lilium (NASDAQ:LILM), a trailblazer in electric aviation, reported a significant business update for the first quarter of 2024 via a letter issued on June 11, 2024.

Among key developments, Lilium initiated the production of its advanced aviation-grade battery packs and continued the assembly of its first Lilium Jet (MSN-1).

The company also commenced the construction of a new certification test facility, which is expected to be operational by late summer.

On the commercial front, Lilium has made significant progress. UrbanLink has placed an order for 20 Lilium Jets intended for operations in South Florida. 

Similarly, eVolare has secured agreements for four Lilium Jets.

These new agreements bring Lilium's total order pipeline to over 780 units, underscoring growing market confidence in its innovative electric jets.