The company hopes to achieve type certification under EASA (European Union Aviation Safety Agency) ahead of its plan to begin commercial service in 2025. [Courtesy: Lilium]
Key Takeaways:
Lilium N.V. plans to raise $119 million by issuing Class A shares at $1.30 each, with commitments from existing and new shareholders, including strategic partners like Honeywell, Tencent, and its CEO.
The funding is intended to support the certification of its seven-passenger Lilium Jet, including the construction of its *Phoenix 3* demonstrator, with a goal for EASA type certification ahead of commercial service in 2025.
The company recently secured significant agreements, including a deal with Saudia to purchase 100 Lilium Jets and a partnership with GlobeAir for 12 aircraft.
German eVTOL developer Lilium N.V. plans to raise $119 million from existing shareholders, new shareholders, and strategic partners, the company announced.
The company said it plans to raise the funding by issuing Class A shares priced at $1.30 per share.
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Michael Wildes holds a master’s degree in Logistics & Supply Chain Management, and a bachelor’s degree in Aeronautical Science, both from Embry-Riddle Aeronautical University. Previously, he worked at the university’s flight department as a Flight Check Airman, Assistant Training Manager, and Quality Assurance Mentor. He holds MEI, CFI & CFII ratings. Follow Michael on Twitter @Captainwildes.
