Lilium Raises $119 Million For eVTOL Development
Germany-based electric vertical take-off and landing (eVTOL) aircraft developer Lilium has raised $119 million in capital from its existing shareholders, new investors and strategic partners. Companies participating in the capital raise included Honeywell, Aciturri, LGT, Tencent and B. Riley Securities. Lilium stated that it plans to use the money to continue to fund its operations, […]