Germany-based electrical vertical take-off and touchdown (eVTOL) plane developer Lilium has raised $119 million in capital from its present shareholders, new buyers and strategic companions. Corporations collaborating within the capital elevate included Honeywell, Aciturri, LGT, Tencent and B. Riley Securities. Lilium acknowledged that it plans to make use of the cash to proceed to fund its operations, develop the Lilium Jet and for basic company functions.
“We’re happy to have such a high-quality group of supporters in a difficult macro setting,” stated Lilium CEO Klaus Roewe. “These proceeds are anticipated to strengthen our steadiness sheet and advance our commercialization efforts together with signing of buyer agreements with pre-delivery funds, reaching an settlement with EASA on our Technique of Compliance, and commencing meeting of the type-conforming plane for the ultimate manned flight check marketing campaign.”
Lilium started flight testing in 2017 with a two-seat eVTOL prototype and got a five-seat model in the air in 2019. The seven-seat Lilium Jet, for which the corporate has acquired a CRI-A01 certification foundation from EASA, was introduced in 2021. Designed for regional air taxi and freight companies, the seven-seat Lilium Jet is anticipated to have a prime velocity of as much as 300 km/h (162 knots) and be able to routes between 40 and 200 km (22-108 NM) at launch.