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 (trading as LILM) after merging with SPAC Qell Acquisition Group, securing about $584 million in proceeds.
Lilium's public debut is part of a growing trend in the eVTOL industry, following competitors like Joby Aviation and preceding Archer Aviation in going public via SPACs.
The company aims for a commercial launch in 2024 for its seven-seater eVTOL aircraft, designed for sustainable, high-speed regional air travel with a 150-mile range and 175 mph cruise speed, with crewed testing 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.”
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