Lilium is seeking to launch in the commercial market in 2024.Lilium
Key Takeaways:
Air taxi developer Lilium officially launched on the Nasdaq stock exchange as "LILM" after completing its merger with special purpose acquisition company (SPAC) Qell Acquisition Group.
The company secured approximately $584 million in proceeds, valuing it at $3.3 billion, and is part of a trend of eVTOL developers going public via SPACs.
Lilium is developing a seven-seater eVTOL jet featuring 36 ducted fans, designed for a 150-knot cruise speed and 150-mile range.
The company targets a commercial launch in 2024, aiming to provide sustainable, high-speed regional air travel, with crewed testing of their newest aircraft expected by late 2022.
Air taxi developer Lilium officially launched on the Nasdaq stock exchange Wednesday, days after shareholders of special purpose acquisition company (SPAC) Qell Acquisition Group approved a merger on September 10.
The Germany-based company is now trading as “LILM.”
CREATE A FREE ACCOUNT
Sign up to keep reading
Create a free account to continue. Already a member? Sign in below.
