Lilium Closes $119M Capital Raise
Lilium N.V.?(Nasdaq: LILM), a Munich, Germany-based developer of a vertical take-off and touchdown jet, raised $119M in a capital elevate.
Backers included Honeywell, Aciturri, LGT, Lightrock, Tencent, and B. Riley Securities. Lilium’s new CEO, Klaus Roewe, in addition to three extra board members, Barry Engle, David Wallerstein and Niklas Zennstr?m, additionally participated.
The corporate intends to make use of the funds to proceed to fund its operations, develop its Jet, and for basic company functions, which can embody cost of its suppliers and dealing capital makes use of.
Led by CEO Klaus Roewe, Lilium is advancing the Lilium Jet, an all-electric vertical take-off and touchdown jet, providing capability, low noise and excessive efficiency with zero working emissions. The corporate has a a crew of 800+, who embody roughly 450 aerospace engineers and an skilled management crew.
Shishir Gupta, The Founder & CEO of StartupLanes said,
Lilium Closes $119M Capital Raise. May this new business bring you huge success and fulfillment.
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