Following Lilium’s announcement that it was raising US$114m, comprising of a US$40m underwritten public offering of shares and warrants, a US$50m private placement of shares and warrants and a US$24m pre-paid warrant, the company has shown that it remains focused on advancing its capabilities ahead of the first manned flight in 2024. From a financing perspective, Lilium is now looking to secure debt financing, particularly from the German development bank (KfW) who have commenced DD for a loan to the company. From an operational perspective, the company has made a series of announcements at the EBACE conference including a new purchase agreement with eVolare, and partnerships with Luxavaition Group and UrbanV and Aeroports de La Cote d’Azur.
