Aircraft
$830M IPO To Fund Lilium's Seven-seat eVTOL
Lilium is pursuing a Nasdaq listing through a merger with special acquisition company Qell as it works to launch commercial services from 2024.
The production version of the Lilium Jet eVTOL aircraft will seat a pilot and up to six passengers. (Image: Lilium)
The production version of the Lilium Jet eVTOL aircraft will seat a pilot and up to six passengers. (Image: Lilium)

Lilium today announced that an $830 million IPO merger with Qell Acquisition Corp. will fund the development of its seven-seat eVTOL aircraft. The German company confirmed that the series-production Lilium Jet due to enter commercial service in 2024 will have two more seats than the current five-seat technology demonstrator.