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Lilium issues new shares to existing investors

The company's share price has fallen sharply since its IPO in the summer. Lilium is now raising fresh money via a capital increase.

Sophie Deistler · Stuttgart, 21. November 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 its IPO in the summer. Now Lilium is raising fresh money via a capital increase.

The air cab start-up Lilium needs fresh capital: the listed company wants to issue around 91.5 million shares worth 119 million US dollars to its existing investors and strategic partners. Investors are to pay 1.30 US dollars per share. Participants in the capital increase include Honeywell, Aciturri, LGT, Lightrock, Tencent and B. Riley Securities. The 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 New York technology exchange Nasdaq since September of last year. To this end, the air cab start-up merged with Spac Qell. However, the IPO brought in less money than hoped. Lilium started with a price of ten US dollars per share. The value of the shares has since fallen to around 1.58 US dollars.

Lilium has been in existence since 2015 and is developing electrically powered air cabs that can take off and land vertically. According to current plans, series production is set 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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