About Lilium N.V. (LILMW)

Lilium N.V. (LILMW) is a company that specializes in the development of electric vertical takeoff and landing (eVTOL) aircraft. The company is headquartered in Germany and was founded in 2015. Lilium N.V. aims to revolutionize the way people travel by creating a new mode of transportation that is both efficient and environmentally friendly. The company's flagship product is the Lilium Jet, a five-seater eVTOL aircraft that is capable of taking off and landing vertically. The Lilium Jet is powered by 36 electric jet engines, which allow it to travel at speeds of up to 300 kilometers per hour and have a range of 300 kilometers. With its unique technology, Lilium N.V. aims to provide a solution to the increasing problem of traffic congestion in urban areas.

Lilium N.V. has been gaining attention in the market recently due to its plans to go public through a merger with a special purpose acquisition company (SPAC). The company announced that it will merge with Qell Acquisition Corp in a deal that values Lilium N.V. at $3.3 billion. The merger will provide the company with approximately $830 million in cash to fund its operations and further develop its eVTOL technology. Lilium N.V. plans to use the proceeds from the merger to manufacture and commercialize the Lilium Jet and expand its operations globally. The company aims to launch its air taxi service in several cities by 2025.