Lilium (LILM) has released an update.
Lilium N.V., an innovator in electric air mobility, has secured a substantial $114 million in financing to further its development goals, including a $40 million public offering of shares and warrants. The fresh capital will propel the company towards achieving its first manned flight of the all-electric Lilium Jet by late 2024. The funding round attracted significant contributions from existing shareholders, company insiders, and key investors such as Tencent’s affiliate Aceville.
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