Lilium has successfully raised a further US$192m bringing the total capital raised this year to $292m. Participants in the round included leading German technology investors Earlybird Venture Capital, BIT Capital, UVC Partners and Frank Thelen, multiple institutional investors led by B. Riley Securities and e-mobility investor E-vestment B.V. Several Lilium Board members and senior executives also participated.
As previously announced, Aceville Pte. Limited, an affiliate of Tencent Holdings Limited (“Aceville”), will fund an additional $75 million to partially prepay against the total exercise price of the warrants previously issued, with such funding expected shortly.
The Munich-based company said the new capital is a “significant step” in securing Lilium Jet’s full funding for commercial launch, allowing it to continue its development programme at full pace, covering much of the estimated capital required to achieve its first manned flight of the type-conforming aircraft.
