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Aerospace
Lilium’s Electric Jets Could Propel Us Into the Age of the Jetsons
Lilium NV bring its electric jets to the market now that it has raised capital on NASDAQ
Lilium NV, (LILM) an eVTOL (electric vertical take-off and land) jet plane company, based in Munich, just went public on Sept. 14 on NASDAQ via a reverse merger with a SPAC (special purpose acquisition company). Flush with over $533 million in cash Lilium can now begin manufacturing its eVTOL jet planes and put them in service.
Its electric jet planes can hold up to 7 passengers and take short hauls like from Philadelphia to Manhattan. Lilium says it is now positioned to be the global leader in regional electric mobility.
The company claims it has 10 US exclusive “vertiport” partnerships that can take on and off passengers, either on a scheduled basis or as exclusive corporate leases. In addition, it’s looking to add 10 European vertiports.
The company claims its 7-seater jets can travel at speeds up to 175 mph after vertically taking off. As a result, it plans on turning states into neighborhoods.
