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Lilium gets new investor

Lisa Marie Münster | 11.06.2021

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

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.

By 2024, Lilium wants to have an e-taxi with six passengers in the air. To implement its ambitious plans, the company is bringing in US technology supplier Honeywell as an investor. "Honeywell is not only a supplier, but also an investor," Lilium program chief Yves Yemsi confirmed to the World. Until now, all that was known was that Honeywell was supplying the flight controls and avionics for Lilium's flying taxis. Lilium is not disclosing the size of its stake.

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

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

Flugtaxi Honeywell lilium

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

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