Known for its fully electric, 5-seater aircraft, Munich-based aviation startup Lilium is all set to go public through a merger with a special acquisition company, Qell Acquisition Corp. The newly formed company will list on Nasdaq under the ticker symbol “LILM”.
Qell Acquisition Corp., which is led by Barry Engle (former president of General Motors North America), provides Lilium with access to capital and industry experience as well as supports the planned launch of commercial operations in 2024.