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Munich (dpa) - The Munich electric air taxi manufacturer Lilium is preparing to go public.
For this, Lilium had agreed a merger with the US shell company Quell, the company announced on Tuesday.
The Lilium common stock is to be listed on the US technology exchange Nasdaq.
The company expects $ 830 million from the issue of shares and cash held in trust.
The proceeds will be used to finance the start of commercial operations in 2024.
The seven-seater electric jets, which take off vertically, are to be built in series in Germany.
Type certification is pending.
Lilium plans to build ten take-off and landing sites in Florida with the airport operator Ferrovial.
Lilium co-founder and CEO Daniel Wiegand said: "Today's announcement brings us closer to the start of our passenger service."
The merged company is worth $ 3.3 billion.
The current investors want to contribute their shares to the combined company.
The merger with the shell company Qell gives Lilium quick access to the capital market.
Quelle CEO Barry Engle said his team has experience in "business building, global expansion, capital raising and creating long-term company value".
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Lilium jets are supposed to take off and land vertically, but cover the distance with the help of wings like conventional aircraft.
This should make them faster and more economical than competitors.
© dpa-infocom, dpa: 210330-99-28465 / 2