Lilium aims for IPO via Spac
Lars-Thorben Niggehoff
| 30.03.2021
The air taxi company is aiming for Wall Street. The shell company of an ex-car manager is supposed to help. A valuation in the billions is being discussed.
The air taxi start-up Lilium is probably aiming for the stock exchange. This is reported by both the Handelsblatt and the Reuters
news agency. The company itself has not yet commented on the rumors.Allegedly, the Munich-based company wants to use a spac to go to the capital market. Specifically, Qell Acquisition Corp, the shell company of Barry Engle. Engle was previously North America chief at U.S. automaker General Motors.
Lilium could thus beat Bruchsal-based rival Volocopter, which is also said to be seeking an IPO via Spac (Startbase
reported). US rival Joby Aviation also used such an IPO shell in February. Joby, which is internationally regarded as the market leader in the air taxi sector, reached a valuation of 6.6 billion US dollars. Lilium is said to be about half that valuation.
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