German eVTOL maker Lilium becomes a public company

The german eVTOL manufacturer Lilium became a public company after a merger with the SPAC (Special Purpose Acquisition Company) Quell Acquisition Corp. Lilium trades now at NASDAQ under the ticker symbol LILM.

Source: Lilium

The transaction, which has raised approximately $584 million towards achieving their mission, will provide the necessary capital to progress with the certification, production and commercialization of their 7-Seater Lilium Jet as they prepare for the planned launch of our service in 2024.