(MENAFN – Asia Times) Next-gen, electric mobility is coming, folks. Whether you like it or not, travellers will soon have the option of regional air shuttle travel.
Air taxi start-ups are springing up all over the world, including German company Lilium, which has entered into a merger agreement with publicly listed acquisition firm Qell Aquisition Corp., Aerospace Technology reported.
Established last year in San Francisco, Qell — former General Motors executive Barry Engle’s blank-check company — specializes in developing next-generation and sustainable mobility.
The post-merged company is expected to receive gross proceeds of approximately US$830 million from the deal, which includes US$450…