Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
air taxi-2
Stock Market

An air taxi from the startup Lilium may soon be flying

24.12.2021
2 min read

Startup Lilium plans to launch air taxi in Germany and the US

The German startup Lilium, which develops air taxis, announced an offering on the market. It is entering the stock exchange through a merger with Qell Acquisition, a SPAC-company. The latter was founded by a former top manager of the General Motors Corporation. After the deal, Lilium’s valuation could reach $3.3 billion. Experts expect the startup to raise more than $830 million after going public, about $450 million of which Lilium will get through a funding round, through PIPE. The remaining $380 million will be in cash. The merger between the startup and SPAC is scheduled to be completed in the second quarter of this year, after which the company will list on the NASDAQ exchange.
Germany-based startup Lilium is developing an air taxi that seats 7 passengers. The aircraft has a speed of about 281 km/h and can cover a distance of 250 km. The air taxi is equipped with a vertical takeoff and landing function and will fly at an altitude of 3 km from the ground. According to a statement from the management of Lilium, the transport will be fully operational in 2024. The company plans to reach $5.9 billion in revenues by 2027.
Unlike a number of startups that are engaged in similar developments, Lilium airtaxi want to use primarily for intercity communication rather than urban flights. Initially, the transport will be launched in Florida and Germany.The first prototype from Lilium appeared in 2017, then the vehicle was designed for two passengers. In 2019, a version that accommodated five people saw the light of day. In 2020, during tests of the new model there was a failure – one of the prototypes caught fire. Therefore, further testing of the machine was postponed until the malfunction was eliminated. The air taxi moves thanks to 36 high-powered electric motors.
In 2020, during the next round of investment, the startup received $240 million. Then Lilium’s valuation rose to $1 billion, turning the company into a unicorn.
The air taxi is supposed to be able to be summoned through a regular mobile app. Initially, the vehicle will be driven by a pilot, and by 2035, the developers plan to switch to completely unmanned traffic. Lilium notes that this type of travel will be much more economical than a traditional taxi. For example, 1 kilometer of flight on the route New York airport-Manhattan will cost 3.3 dollars, while by car it costs much more.
Lilium is now working on obtaining the necessary licenses and permits to launch an air taxi.

Tags: Stock Market
0
Previous Post How Russia's economic recovery is going Next Post Rystad Energy: U.S. share in global shale oil market may decline

You Might Also Like

green bonds
Stock Market
H&M issues €500 million worth of green bonds
14.11.2021
blockchain technology
Stock Market
JPMorgan: Blockchain technology has huge potential for the financial market
18.07.2022
Ruble rate fluctuation
Stock Market
Ruble exchange rate fluctuation: how to preserve savings in an unstable national currency
12.06.2020
Bank of England
Stock Market
Bank of England announced the purchase of government bonds
24.11.2022
sberbank
Stock Market
Sberbank will not sell complex investment products to inexperienced investors
15.09.2021
Stock trading platform
Stock Market
For European stocks there is a platform for trading shares from Goldman Sachs
27.07.2021

Recent Posts

  • 1Erik Penser
    Erik Penser: the ups and downs of the Swedish businessman
    30.03.2023
  • 2Royal Dutch Shell logo
    Royal Dutch Shell: the history of the British-Dutch company
    29.03.2023
  • 3discount window features
    Discount window: peculiarities of lending from the Federal Reserve System
    28.03.2023
  • 4LG Energy Solution
    LG Energy Solution invests in battery production expansion
    27.03.2023
  • 5troubled crypto exchanges-2
    SEC to closely monitor troubled crypto exchanges
    26.03.2023

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • St. Petersburg Stock Exchange goes to a new level by trading volumes

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Latest Posts

Erik Penser
Erik Penser: the ups and downs of the Swedish businessman
30.03.2023
Royal Dutch Shell logo
Royal Dutch Shell: the history of the British-Dutch company
29.03.2023
discount window features
Discount window: peculiarities of lending from the Federal Reserve System
28.03.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • St. Petersburg Stock Exchange goes to a new level by trading volumes
  • Why American liquefied gas started to be less purchased in Europe
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics