Javascript is disabled in your browser

Startbase requires Javascript in order to display content.
Please check your browser settings and enable Javascript-Support for this website.

Lilium gets new investor

Honeywell is making a financial commitment to the flight taxi start-up. The company has been supplying Lilium with its flight control technology for some time now.

Lisa Marie Münster · Stuttgart, 11. June 2021

Lilium gets new investor — Lilium will Flugtaxis in Serie bauen. (Foto: Lilium)

Honeywell is making a financial commitment to the air cab start-up. The company has been supplying Lilium with its flight control technology for some time now.

By 2024, Lilium wants to have an e-flight cab with six passengers in the air. In order to realize its ambitious plans, the company has brought US technology supplier Honeywell on board as an investor. "Honeywell is not just a supplier, but also an investor," confirmed Lilium program manager Yves Yemsi to the world. Until now, it was only known that Honeywell supplies the flight controls and avionics for Lilium's air cabs. Lilium is keeping quiet about the size of its stake.

Yemsi told Die Welt that his company has been cooperating with Honeywell for 18 months. The news comes just in time for Lilium's planned IPO, but according to Yemsi it is a "coincidence".

Lilium wants to go public this summer via Spac on the US technology exchange Nasdaq. In this context, the Bavarian company could be valued at 3.3 billion US dollars; Lilium wants to raise 830 million US dollars via a capital increase.

Flugtaxi Honeywell lilium

Like it? Please spread the word:

Newsletter

Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.

LinkedIn Connect

Related companies

Startup 2015 Weßling Lilium On-demand air taxi service that is powered by an all-electric, vertical take-off and landing Lilium Jet.

Similar posts

News More and more patent applications for air cabs are coming from Germany Start-ups like Lilium and Volocopter are leading the way: Urban air mobility is becoming increasingly important in Germany. This is also shown by a special analysis by the German Patent and Trade Mark Office.

Sophie Deistler

News Lilium cooperates with ABB The Munich-based start-up Lilium wants to establish a regional electric flight network in Germany, Florida and Brazil from 2024. The Swiss company ABB is to provide the fast-charging infrastructure.

Sophie Deistler

Magazine Knowledge How Spacs Work Shell companies have become a popular way to get onto the trading floor. However, they are not always the right way for start-ups.

News Grover apparently wants to go public According to a media report, a classic IPO or a Spac could be on the cards for the start-up, which earns its money by renting out electronics.

Nils Wischmeyer

News Linkedin: Berlin no longer the most popular city for employees in start-ups LinkedIn is now analyzing its data for the fourth time to select the ten most attractive start-ups for employees. Three fintechs are new to the list and Berlin loses its title as the most popular city.

Lisa Marie Münster

News Lilium launches on the stock exchange The air cab manufacturer makes its debut on the US Nasdaq.

Nils Wischmeyer

News Lilium IPO brings in less money than hoped for The air cab start-up will probably raise around 300 million US dollars less than planned. However, this is not unusual for IPOs via Spac.

Lars-Thorben Niggehoff

News Flies at Lilium and Customcells Customcells will supply the battery cells for the Lilium Jets. The market launch is planned for 2024.

News Lilium receives major order for 220 air cabs The Brazilian airline Azul wants to buy the flying vehicles from Germany. The first delivery is scheduled for 2025, but it is still only a declaration of intent.

Lisa Marie Münster

News Lilium's continued existence depends on the Spac IPO The air cab start-up has to adapt its balance sheet to international IFRS rules. In doing so, it adds an addendum: Its continued existence is only secured until 2022 if the IPO works in the third quarter. There are...

Lisa Marie Münster

News 600,000 US dollars for Skarbe Skarbe, an AI-supported sales co-pilot for founders and small teams, has closed a pre-seed financing round of 600,000 US dollars. On board: FIRSTPICK, Somersault Ventures and angel investors such as Andreas Mihalovits...

News Bonx raises 8.6 million US dollars The Paris-based startup Bonx has completed seed financing in the amount of 8.6 million US dollars. On board: 9900 Capital, Kima Ventures, Purple, OSS Ventures and Dynamo Ventures.

News Wingcopter secures new financing Wingcopter expands its business model. In addition to logistics, now also surveying infrastructure by drone with LiDAR technology.

News Flowstep receives 2.6 million US dollars in seed funding From beta to market launch: Estonian start-up Flowstep launches its platform for "vibe design" and attracts international investors.

News Startupnews KW 26 - 2025 Whether it's PropTech from Cologne, children's furniture from Austria or quantum solutions for the ESA, Europe's start-ups are once again showing what the future holds this week.

News LIDROTEC receives 13.5 million US dollars for the further development of laser-based chip dispensing Fresh capital for the deep-tech start-up LIDROTEC: using lasers and liquids to achieve better chip cuts. USD 13.5 million from Lam Capital and ZEISS Ventures, among others.

News DRIMCO secures 5 million US dollars in Pre-Series-A With proprietary AI technologies, DRIMCO accelerates the efficiency of tenders and their execution for industrial manufacturers, setting new standards in requirements evaluation and management.

News Isar Aerospace secures 150 million euros Isar Aerospace receives 150 million euros in growth capital from Eldridge. The financing is intended to further expand the Munich-based aerospace company's series production and launch capacities.

News Climatiq receives 10 million euros in Series A financing The Berlin-based start-up wants to integrate climate data into day-to-day corporate management, primarily via existing ERP and supply chain systems.

News chatlyn receives 8 million euros in Series A financing With financing of 8 million euros, chatlyn is further expanding its platform for the automation of hotel processes.