Lilium, an electric air taxi startup, has seen its stock price increase by approximately 268% after signing a significant asset purchase agreement with Mobile Uplift. The deal was facilitated by a consortium of experienced investors from Europe and North America.
The acquisition aims to provide Lilium with the necessary resources to further develop its eVTOL (electric vertical takeoff and landing) technology, enabling it to expand its operations and increase its presence in the growing electric air taxi market. This strategic move is expected to propel Lilium forward, as it seeks to revolutionize urban air mobility with its innovative solutions.
Source: https://seekingalpha.com/news/4390776-air-taxi-startup-lilium-finds-a-buyer-stock-skyrockets-268