Lilium Raises $119 Million For eVTOL Aircraft Program With New Share Issue
The German start-up issued more than 91 million new Class A shares priced at $1.30 in a capital raise backed by a mix of new and existing shareholders, including several board directors.
The Lilium Jet eVTOL aircraft is expected to operate in locations including Monaco.
Lilium is raising further funds to support work on its seven-passenger Lilium Jet eVTOL model. (Image: Lilium)