Qell Acquisition Corp. (QELL) to Combine with Lilium in $2.4Bn Deal

lillium

Qell Acquisition Corp. (QELL) to Combine with Lilium in $2.4Bn Deal

Qell (NASDAQ:QELL) has entered into a definitive agreement to combine with electric vertical take-off and landing jet (eVTOL) maker Lilium at an enterprise value of $2.37 billion, or 1.8x its 2025E revenue. Lilium is developing its jets for use as regional transportation vehicles and small cargo haulers with initial rollouts aimed at the Mid-Atlantic, Florida
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