Lilium To Seek Additional Funding For eVTOL Development

Lililium Jet
Credit: Lilium
German electric vertical-takeoff-and-landing (eVTOL) startup Lilium plans to raise an additional $119 million through the private placement of shares with existing shareholders, new investors and key suppliers. Having raised $584 million in September 2021 through a going-public merger with blank...

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