Lilium raises $119m to help build Jet eVTOL


Munich, Germany-based jet eVTOL developer Lilium has raised US$119 million in its latest round of funding

The funds come from existing shareholders, new investors, and strategic partners including Honeywell and Aciturri and The Liechtenstein Global Trust.

Lilium’s CEO Klaus Roewe, who joined the company in June, as well as three additional board members, Barry Engle, David Wallerstein and Niklas Zennström, also participated in the funding round.

Lilium CEO Klaus Roewe said, “We are pleased to have such a high-quality group of supporters in a challenging macro environment. These proceeds are expected to strengthen our balance sheet and advance our commercialization efforts including the signing of customer agreements with pre-delivery payments, reaching an agreement with EASA on our Means of Compliance, and commencing assembly of the type-conforming aircraft for the final manned flight test campaign.”

Stéphane Fymat, vice president and general manager of Urban Air Mobility at Honeywell Aerospace said, “Honeywell and Lilium share a common vision of the importance of electric aviation and the positive impact it will have on air transportation and decarbonization. We are proud to partner with Lilium as the provider of the avionics systems, flight controls, and electric motors used to guide and power Lilium’s revolutionary electric jet.”

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Ben has worked as a journalist and editor, covering technology, engineering and industry for the last 20 years. Initially writing about subjects from nuclear submarines to autonomous cars to future design and manufacturing technologies, he was editor of a leading UK-based engineering magazine before becoming editor of Aerospace Testing in 2017.

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