Qell Acquisition Corp (QELL)

[Bountiful_Harvest]

https://www.cnbc.com/2021/08/02/lilium-electric-jet-start-up-signs-1-billion-deal-with-azul.html

KEY POINTS

- Lilium plans to sell 220 of its vehicles for up to $1 billion to Brazilian airliner Azul.

- The two firms said on Monday that they plan to build an eVTOL (electric vehicle takeoff and landing) aircraft network across Brazil between now and 2025.

- The aviation industry is under intensifying pressure to look at new ways of powering their carriers as policymakers publicly acknowledge the necessity of transitioning to a low-carbon society.

https://lilium.com/

https://lilium.com/investors

On 30th March, 2021, Lilium announced its intention to list on Nasdaq by signing a definitive business combination agreement with Qell Acquisition Corp. a U.S. publicly listed special purpose acquisition company (Nasdaq: QELL). Qell, led by Barry Engle, a former president of General Motors North America, was created to invest in a high-growth business in the next-generation mobility, transportation or sustainable industrial technology sectors. You can find more information about the proposed transaction in the filings that have been made with the U.S. Securities and Exchange Commission by Qell. If the transaction completes, Lilium B.V. will become Lilium’s parent company and its ordinary shares are intended to trade on Nasdaq.