CMS advises investment manager Baillie Gifford on investment in German air taxi pioneer Lilium

Berlin – The globally active investment manager Baillie Gifford has participated in the latest Series B financing round of the Bavarian electric air taxi pioneer Lilium. The investment of 35 million USD was made in the course of the current Series B financing round in the total amount of 275 million USD which has already been partially implemented in March by the existing shareholders, Chinese lead investor Tencent and the venture capital funds Atomico, Obvious Ventures, Freigeist and LGT.

A CMS team led by Ralf Kurney and Steffen König provided comprehensive legal advice to Baillie Gifford on their investment in the Bavarian aviation company for purely electric air taxis. CMS has been advising Baillie Gifford for several years on their technology investments in Germany, most recently in the mobility platform FlixMobility, the used car online sales platform Auto1 and the online cookbox vendor Hello Fresh.

Baillie Gifford is an independent investment partnership founded in Scotland in 1908. The firm focuses on long-term growth investing, in some of the world’s most exciting companies, and currently manages 224 billion euros. It has 11 offices worldwide, including the headquarters in Edinburgh and an office in Frankfurt.

Lilium is an aviation company developing an emissions-free regional air mobility service. It has designed and prototyped the Lilium Jet, a brand-new type of electric, vertical take-off and landing aircraft that will enable it to deliver regional journeys that are considerably faster than rail or road, yet competitive in price.

CMS Germany

Ralf Kurney, Partner
Steffen König, Counsel, both Lead
Dr Igor Stenzel, Partner, all Corporate/M&A
Dr Julius Städele, Senior Associate, Public Commercial Law

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