Lilium Successfully Arranges $192M Capital Raise Supported By Leading German Technology Investors
Portfolio Pulse from Benzinga Newsdesk
Lilium N.V. (NASDAQ:LILM), a developer of the first all-electric vertical take-off and landing jet, has successfully raised $192 million in capital. The round included participation from German technology investors Earlybird Venture Capital, BIT Capital, UVC Partners, and Frank Thelen, among others. This funding, along with $100 million raised earlier in May, will enable Lilium to continue its development program, with the first manned flight of the type-conforming aircraft expected in the second half of 2024.
July 18, 2023 | 8:14 pm
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Lilium's successful capital raise of $192 million, along with the $100 million raised earlier, will enable the company to continue its development program at full pace. This could potentially boost investor confidence in the company's ability to achieve its first manned flight of the type-conforming aircraft in the second half of 2024.
The successful capital raise indicates strong investor confidence in Lilium's business model and future prospects. This could potentially lead to increased demand for the company's shares, thereby driving up its stock price in the short term.
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