Lilium Announces Successful Arrangement of $114 Million Capital Raise With Participation From Strategic and Existing Investors

May 29, 2024

https://www.globenewswire.com/news-release/2024/05/29/2890320/0/en/Lilium-Announces-Successful-Arrangement-of-114-Million-Capital-Raise-With-Participation-From-Strategic-and-Existing-Investors.html

MUNICH, Germany, May 29, 2024 (GLOBE NEWSWIRE) — Lilium N.V. (NASDAQ:LILM) (“Lilium”), developer of the first all-electric vertical take-off and landing (eVTOL) jet and global pioneer in regional air mobility (RAM), announced today that it has successfully concluded its previously announced capital raise, resulting in $114 million of new gross proceeds. The net proceeds from this capital raise provide additional capital needed to support Lilium’s operations to achieve the first manned flight test of the Lilium Jet, targeted to occur in late 2024.

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