Flying Taxi Takeoffs Accelerating
Germany's Lilium Flying Taxis Is Going Public Source: Lilium New 7-Seater Startup IPO Expected Valuation on Nasdaq at $3.3 Billion Germany's flying taxi startup Lilium just announced that it's going public on the Nasdaq in a deal that values Lilium at $3.3 billion. The deal is expected to close this quarter. It will enable Lilium to start commercial operations of its 7 seat passenger flying taxis, flown by pilots, in 2024. The money will be used to finish the certification process, start production and start commercial operations. As part of the announcement, Lilium unveiled an image of its larger - 7 seat - flying taxi for fast, aerial, intercity commutes. Previous models have had only 5 passenger seats. e-VTOLS Munich-based Lilium is doing an IPO merger with special purchase acquisition company (SPAC) Qell Acquisition Corporation. San-Francisco based Qell is led by the former President of General Motors North Americ