Lilium N.V. (Nasdaq: LILM), a Munich, Germany-based developer of a vertical take-off and landing jet, raised $119M in a capital raise.
Backers included Honeywell, Aciturri, LGT, Lightrock, Tencent, and B. Riley Securities. Lilium’s new CEO, Klaus Roewe, as well as three additional board members, Barry Engle, David Wallerstein and Niklas Zennström, also participated.
The company intends to use the funds to continue to fund its operations, develop its Jet, and for general corporate purposes, which may include payment of its suppliers and working capital uses.
Led by CEO Klaus Roewe, Lilium is advancing the Lilium Jet, an all-electric vertical take-off and landing jet, offering capacity, low noise and high performance with zero operating emissions. The company has a a team of 800+, who include approximately 450 aerospace engineers and an experienced leadership team.
FinSMEs
28/11/2022
About Lilium
Lilium (NASDAQ: LILM) is creating a sustainable and accessible mode of high-speed, regional transportation for people and goods. Using the Lilium Jet, an all-electric vertical take-off and landing jet, Lilium is accelerating the decarbonization of air travel. Working with aerospace, technology and infrastructure leaders, Lilium’s 800+ strong team includes approximately 450 aerospace engineers and an experienced leadership team. Founded in 2015, Lilium’s headquarters and manufacturing facilities are in Munich, Germany, with teams based across Europe and the U.S..