https://wccftech.com/lilium-commands-a-discounted-valuation-relative-to-its-evtol-peers-as-part-of-a-much-anticipated-merger-agreement-with-the-spac-qell-acquisition-corp-qell/

Lilium, the German manufacturer of on-demand air taxi service via electric vertical takeoff and landing (eVTOL) aircraft, has now become the first European air taxi company to go public via the SPAC route.

As per the statement released by Lilium just moments ago, the company has secured a merger agreement with the SPAC Qell Acquisition Corp. (NASDAQ:QELL). Bear in mind that the two entities were reported to be in merger talks earlier in March. Crucially, this agreement values the combined company at $3.3 billion, corresponding to a substantial discount relative to the valuation that its two other eVTOL peers were able to command recently. As an illustration, Archer Aviation’s merger agreement with the SPAC Atlas Crest Investment Corp. (NYSE:ACIC) valued the combined company at $3.8 billion. Lilium’s valuation discount becomes even more prominent when compared with that of Joby Aviation, which secured a combined valuation of $6.6 billion as a result of its merger agreement with the SPAC Reinvent Technology Partners (NYSE:RTP).