July 19, 2022

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Bratislava/ Munich

Germany

29 June 2022: InoBat Auto (“InoBat”), a pioneering supplier of batteries for electric vehicles is today delighted to announce that Lilium (NASDAQ: LILM) (“Lilium”), the developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, and InoBat have agreed to explore opportunities to develop, manufacture, and recycle next-generation high performance battery cells for Lilium’s innovative aerospace products.

Marian Bocek, Co-Founder and CEO of InoBat Auto commented: “I am very proud that in only two and a half years we have seen InoBat reach product creation, manufacturing capability, and sign agreements with impressive companies such as Lilium. Lilium’s ambitions to revolutionise air travel and its commitment to continual innovation speaks to our core purpose and aligns with InoBat’s plans to become a leading player in the global EV market. Our agreement reflects our desire to collaborate with industry players that share our sustainability vision and today’s announcement is an important step forward on our journey towards driving the transition to electric transportation becoming the norm.”

Yves Yemsi, Chief Operating Officer of Lilium commented: "The battery is hugely important to our mission. While we have already selected and contracted excellent partners for battery technology and manufacturing, we will not be resting on our laurels. So, we are always actively monitoring technological developments, and have decided to enter into an agreement with Inobat with the intent to explore collaboration around manufacturing and supply in the future."