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Lilium issues new shares to existing investors

Sophie Deistler | 21.11.2022

Lilium issues new shares to existing investors — Lilium will Flugtaxis in Serie bauen. (Foto: Lilium)

The company's share price has fallen sharply since it went public in the summer. Now Lilium is raising fresh money via a capital increase.

The air cab start-up Lilium needs fresh capital: To this end, the listed company wants to issue around 91.5 million shares worth 119 million US dollars to its existing investors and strategic partners. The investors are to pay 1.30 US dollars per share. Among others, Honeywell, Aciturri, LGT, Lightrock, Tencent and B. Riley Securities. New Lilium CEO Klaus Roewe and board members Barry Engle, David Wallerstein and Niklas Zennström are also buying shares.

Lilium has been listed on the Nasdaq technology exchange in New York since September of last year. To do so, the air cab startup merged with Spac Qell. However, the launch on the stock exchange raised less money than hoped. Lilium started with a price of ten US dollars per share. In the meantime, the value of the shares has fallen to around 1.58 US dollars.

Lilium has been in existence since 2015 and is developing electrically powered air cabs that will be able to take off and land vertically. According to current plans, series production is to start in 2025.

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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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