23 days ago • Posted by Martin Boujol
German aviation start-up Lilium to go public via SPAC in a $3.3 billion deal
The German aviation start-up Lilium will soon float on the Nasdaq through a reverse merger with the blank check company Quell Acquisition Corp. in a deal valued at $3.3 billion. The company is building small aircraft which run on batteries and can take off and land horizontally. Lilium aims to launch commercial operations in 2024. So far, they have a 5-seater prototype, which will soon be joined by a 7-seater. This last vehicle will have a range of 250 km and a top speed of 280km/h.