lilium regional air mobility lilium jet flyover render press

The 7-Seater Jet is an updated version of Lilium’s 5-Seater aircraft and carries six passengers and one pilot. (Lilium)

Two electric aircraft companies, Lilium and Archer Aviation, have announced completed business mergers resulting in the electric vertical takeoff and landing (eVTOL) aircraft companies becoming public. 

Joby Aviation became the first publicly traded eVTOL company last month after a completed merger with Reinvent Technology Partners. Lilium and Archer will become the second and third eVTOL companies to go public. 

Lilium, the German eVTOL maker, announced its completed business combination with Qell Acquisition Corp on Sept 14. Qell’s shareholders approved the transaction on Sept. 10 and the company will begin trading on the Nasdaq as of Sept. 15. 

“In 2015 with the clear vision that the decarbonization of aviation is inevitable, we set out to build a team and product that would radically transform the way the world moves,” Daniel Wiegand, Co-Founder and CEO of Lilium, said in a statement. “Six years and five generations of technology demonstrator aircraft later, we’re closer than ever to this goal. Today’s milestone will bring us even closer to launching our service in 2024 and making sustainable, high-speed regional air travel a reality to communities around the world.”


Archer’s demonstrator eVTOL aircraft, Maker, will begin test flights this year. (Archer)

Archer, the Silicon Valley company developing Maker, announced its completed merger with Atlas Crest Investment Corp. will close on Sept. 16, according to a Sept. 14 announcement. The company will begin trading on the New York Stock exchange on Sept. 17. 

Joby, Lilium, and Archer are all anticipating launching their eVTOL aircraft in 2024 following certification. All three companies are planning to certify their aircraft with the U.S. Federal Aviation Administration (FAA) and Lilium is also planning on certifying its 7-Seater Jet with the European Union Aviation Safety Agency (EASA). Joby and Archer have both received G-1 certification basis from the FAA. 

The business mergers will bring these companies large amounts of funds on their path to certification and commercial launch. Lilium will receive about $584 million in gross proceeds resulting from its business combination with Qell, and Archer’s merger will garner the company $857.6 million in gross proceeds. 

Source: Archer and Lilium to Become Publicly Traded

Archer and Lilium to Become Publicly Traded - Click To Share

Other recent press releases

*This is a free press release. All upgraded press releases are ad-free!

Pop Culture Expo NEXUS FAN FAIR Coming to Manila Sept.

MANILA, Philippines, Sept. 14, 2023 — A new pop culture expo is launching in Manila with the inaugural NEXUS FAN FAIR from September 19 to 21 at the MGBX Convention Hall in Newport World Resorts’ Marriott Grand Ballroom. Organized by Philippine Blockchain Week 2023 (PBW) and presented by Tier One Entertainment, NEXUS FAN FAIR will

Bob Dylanâs Scottish Highland Estate

Photo Credit: Knight FrankThe winner of ten Grammy awards, an Academy Award, a Pulitzer Prize, and the Presidential Medal of Freedom, Bob Dylan has owned a stately mansion known as Aultmore House in Nethy Bridge in the Cairngorm National Park in Scotland for 17 years. According to, Dylan has listed the property for sale, accepting

Top 10 Amazon PPC Courses to Level Up Your Marketing Game

With great popularity comes great competition. This is the case with selling on Amazon. You’ll need to bring your A game if you want your ads campaigns on this platform to work. However, pay-per-click (PPC) ads on Amazon can be confusing. If you’ve used PPC marketing before on channels like Facebook and Google, you’ll already