What is the story about?
What's Happening?
Vaeridion, a German electric aircraft company, has acquired the former Lilium battery production facility at Oberpfaffen airport. This strategic move is aimed at derisking the development timeline of Vaeridion's Microliner nine-seater aircraft, which is set for serial production by 2030. The acquisition includes a tenancy agreement and an asset purchase covering essential equipment like laser welding machines. Vaeridion plans to begin battery pack production at the new facility in early 2026, transferring operations from its current site in Holzkirchen. The Oberpfaffenhofen site will also serve as the initial final assembly line for the Microliner, with prototypes and production aircraft to be built there.
Why It's Important?
The acquisition of the Lilium facility is crucial for Vaeridion as it accelerates the company's production capabilities without the need for extensive fundraising. This move positions Vaeridion to meet its production goals and strengthens its supply chain, which is vital for the planned ramp-up in output. The facility's growth potential could support the production of up to 50 aircraft per year, enhancing Vaeridion's competitive edge in the electric aircraft market. This development also solidifies Vaeridion's presence in Bavaria, leveraging partnerships with local institutions and companies.
What's Next?
Vaeridion is targeting the first flight of its production-conforming Microliner aircraft by the end of 2027 or early 2028, with certification expected two years later. The company will continue to invest in the Oberpfaffenhofen site to support low-rate serial production. As Vaeridion progresses, it may seek further partnerships and investments to expand its production capabilities and market reach.
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