German air taxi startup Lilium to float via $3.3 bln reverse merger

Reuters2021-03-30

BERLIN, March 30 (Reuters) - German flying taxi startup Lilium said on Tuesday it would float on the U.S. stock market via a reverse merger with Qell Acquisition Corp , a blank-cheque acquisition company, in a deal valuing the combined company at $3.3 billion.

Munich-based Lilium is in a race with other aviation startups to deploy battery-powered aircraft that can take off and land vertically, offering a new way for travellers to beat urban traffic and hop between cities.

It joins U.S. rival Joby in merging with a listed shell company to raise fresh capital at multi-billion-dollar valuations, on top of hefty funding already raised from venture capital backers.

Lilium said the combination with Qell, led by Barry Engle, the former president of General Motors North America , would support its objective of launching commercial operations in 2024.

(Reporting by Douglas Busvine, editing by Emma Thomasson)

((douglas.busvine@tr.com; +49 30 220 133 562;))

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Comments

Diamondhand6
2021-03-30
Diamondhand6
Qell!
Seimin
2021-03-30
Seimin
Good

Leave a comment

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Munich-based Lilium is in a race with other aviation startups to deploy battery-powered aircraft that can take off and land vertically, offering a new way for travellers to beat urban traffic and hop between cities.   It joins U.S. rival Joby in merging with a listed shell company to raise fresh capital at multi-billion-dollar valuations, on top of hefty funding already raised from venture capital backers.   Lilium said the combination with Qell, led by Barry Engle, the former president of General Motors North America   , would support its objective of launching commercial operations in 2024. 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+49 30 220 133 562;))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>German air taxi startup Lilium to float via $3.3 bln reverse merger</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGerman air taxi startup Lilium to float via $3.3 bln reverse merger\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-30 13:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>BERLIN, March 30 (Reuters) - German flying taxi startup Lilium said on Tuesday it would float on the U.S. stock market via a reverse merger with Qell Acquisition Corp   , a blank-cheque acquisition company, in a deal valuing the combined company at $3.3 billion.</p><p>   Munich-based Lilium is in a race with other aviation startups to deploy battery-powered aircraft that can take off and land vertically, offering a new way for travellers to beat urban traffic and hop between cities.</p><p>   It joins U.S. rival Joby in merging with a listed shell company to raise fresh capital at multi-billion-dollar valuations, on top of hefty funding already raised from venture capital backers.</p><p>   Lilium said the combination with Qell, led by Barry Engle, the former president of General Motors North America   , would support its objective of launching commercial operations in 2024.</p><p> (Reporting by Douglas Busvine, editing by Emma Thomasson)</p><p>((douglas.busvine@tr.com; +49 30 220 133 562;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车","00700":"腾讯控股","PLTR":"Palantir Technologies Inc.","TCEHY":"腾讯控股ADR","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2123264467","content_text":"BERLIN, March 30 (Reuters) - German flying taxi startup Lilium said on Tuesday it would float on the U.S. stock market via a reverse merger with Qell Acquisition Corp   , a blank-cheque acquisition company, in a deal valuing the combined company at $3.3 billion.   Munich-based Lilium is in a race with other aviation startups to deploy battery-powered aircraft that can take off and land vertically, offering a new way for travellers to beat urban traffic and hop between cities.   It joins U.S. rival Joby in merging with a listed shell company to raise fresh capital at multi-billion-dollar valuations, on top of hefty funding already raised from venture capital backers.   Lilium said the combination with Qell, led by Barry Engle, the former president of General Motors North America   , would support its objective of launching commercial operations in 2024. (Reporting by Douglas Busvine, editing by Emma Thomasson)((douglas.busvine@tr.com; +49 30 220 133 562;))","news_type":1,"symbols_score_info":{"QELL":0.9,"RTP":0.9,"TCEHY":0.6,"QNETCN":0.6,"PLTR":0.9,"GM":0.9,"00700":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":4,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2123264467","isCrawlerRequest":true}