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Business Air News Bulletin
Business Air News Bulletin
The monthly news publication for aviation professionals.

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Lilium GmbH
Aircraft

Lilium Jet

BAN's World Gazetteer

Germany
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Share offerings bring $114m to Lilium coffers
Lilium achieves successful arrangement of $114 million capital raise with participation from key strategic and existing investors.

Lilium has successfully concluded its previously announced capital raise, resulting in $114 million of new gross proceeds that will be used to support operations to achieve the first manned flight test of the Lilium Jet, targeted to occur in late 2024.

The $114m is being raised through three transactions that stagger in duration with the final closure on or around 28 June, 2024.

CEO Klaus Roewe comments: "We appreciate the support from existing Lilium partners and new investors alike. We have a robust set of strategic and financial investors that are comprised of some of the brightest minds in the disruptive technology sector, and their consistent support, including participation in this capital raise, is a testament to the progress we are making in bringing the revolutionary Lilium Jet to market."

Lilium intends to further discuss its recent developments and progress with the release of its Q1 2024 quarterly shareholder letter on 11 June, and will host a conference call that same day.

Other News
 
Lilium puts jet propulsion unit through its paces
July 1, 2024
Testing of the propulsion unit, comprising two engines within a mounting system, was carried out at Lilium's dedicated propulsion unit test bed at its headquarters near Munich in Germany.
Lilium to expand industrial footprint with high-volume facilities in France
May 15, 2024
Lilium is keen to leverage France’s unique aerospace heritage and vast supplier base in aerospace and electrification to expand its high-volume production capacity of the Lilium Jet.
Full-scale Lilium Jet model to be unveiled at EBACE
May 1, 2024
Lilium is making the inaugural public debut of its full-scale Lilium Jet model in Geneva at the end of May, and will participate in discussions on the Innovation Stage.