{"id":1309,"date":"2023-05-02T16:06:50","date_gmt":"2023-05-02T16:06:50","guid":{"rendered":"https:\/\/news.e-flight-journal.com\/?p=1309"},"modified":"2023-05-02T16:06:53","modified_gmt":"2023-05-02T16:06:53","slug":"lilium-raised-100-millions-from-tecent","status":"publish","type":"post","link":"https:\/\/www.e-flight-journal.com\/?p=1309","title":{"rendered":"Lilium Raised $100 millions from Tecent"},"content":{"rendered":"\n<p>On 2 May 2023 Lilium N.V. (\u201cLilium\u201d or the \u201cCompany\u201d) (NASDAQ: LILM), developer of the electric ducted fan eVTOL, announced a capital raise for up to $250 million, with $100 million funded at close. <\/p>\n\n\n\n<p>Aceville Pte. Limited, an affiliate of Tencent Holdings Limited (\u201cTencent\u201d), has committed $100 millions at closing and $0.75 millions to be funded contingent on Lilium raising $0.75 millions of equity, debt or grants from certain third parties. It is worth of noting that Tecent is already the largest shareholder of Lilium with 22% shares of the company. It remains to be seen how much shares Tecent will hold of Lilium after this equity raise. <\/p>\n\n\n\n<p>Lilium states in the press release that &#8222;This capital raise&#8230;would cover most of the estimated capital required to achieve first manned flight of the type-conforming aircraft. Once this development milestone is achieved, which is planned for the second half of 2024, Lilium expects to benefit from the contribution of substantial pre-delivery payments (PDPs) which will help fund its subsequent capital requirements.&#8220;<\/p>\n\n\n\n<p>The full press release of Lilium: <a rel=\"noreferrer noopener\" href=\"https:\/\/investors.lilium.com\/news-releases\/news-release-details\/lilium-announces-capital-raise-250-million-100-million-funded\" target=\"_blank\">https:\/\/investors.lilium.com\/news-releases\/news-release-details\/lilium-announces-capital-raise-250-million-100-million-funded<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"680\" src=\"https:\/\/news.e-flight-journal.com\/wp-content\/uploads\/2023\/05\/image.png\" alt=\"\" class=\"wp-image-1310\" srcset=\"https:\/\/www.e-flight-journal.com\/wp-content\/uploads\/2023\/05\/image.png 680w, https:\/\/www.e-flight-journal.com\/wp-content\/uploads\/2023\/05\/image-300x300.png 300w, https:\/\/www.e-flight-journal.com\/wp-content\/uploads\/2023\/05\/image-150x150.png 150w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><figcaption class=\"wp-element-caption\">photo credit: Lilium<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>On 2 May 2023 Lilium N.V. (\u201cLilium\u201d or the \u201cCompany\u201d) (NASDAQ: LILM), developer of the electric ducted fan eVTOL, announced a capital raise for up to $250 million, with $100 million funded at close. Aceville Pte. Limited, an affiliate of Tencent Holdings Limited (\u201cTencent\u201d), has committed $100 millions at closing and $0.75 millions to be [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1309","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.e-flight-journal.com\/index.php?rest_route=\/wp\/v2\/posts\/1309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.e-flight-journal.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.e-flight-journal.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.e-flight-journal.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.e-flight-journal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1309"}],"version-history":[{"count":1,"href":"https:\/\/www.e-flight-journal.com\/index.php?rest_route=\/wp\/v2\/posts\/1309\/revisions"}],"predecessor-version":[{"id":1311,"href":"https:\/\/www.e-flight-journal.com\/index.php?rest_route=\/wp\/v2\/posts\/1309\/revisions\/1311"}],"wp:attachment":[{"href":"https:\/\/www.e-flight-journal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.e-flight-journal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.e-flight-journal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}