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 November 22 through issuing Class A shares priced at $1.30, with commitments from existing and new strategic partners and investors.
The funding will be primarily used to support the certification of its seven-passenger Lilium Jet, including the development of its *Phoenix 3* demonstrator, aiming for EASA type certification and commercial service by 2025.
Lilium has recently made progress by securing agreements with Saudia for 100 Lilium Jets and partnering with GlobeAir for 12 aircraft for premium air taxi services.
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.
