Summary by ATFCars.com

Referenced article published on verticalmag.com on May 2, 2023. Link to original article:

Lilium announces capital raise for up to $250M, with $100M funded at close

Revving up towards a revolutionary future, Lilium, pioneers of the all-electric vertical take-off and landing jet, have announced a stellar capital raise of up to $250 million, a hundred million of which is already funded! With the passion and persistence of a dreamer with wings, they are using this financial windfall to steadfastly continue the thrilling development of the Lilium Jet. This financial boost brings us closer to the epoch-making moment of the jet’s first manned flight, eagerly anticipated in the second half of 2024. Lilium’s CEO, Klaus Roewe, radiates excitement about this significant stride in their lofty mission to reshape the aviation industry. The dream of joystick-steered navigation is closer than ever, folks – get ready to touch the sky!