German Air Taxi service pioneer Lilium completes funding round worth more than $240 million.

Lilium, the Munich-based aviation company developing an all-electric, vertical take-off and landing aircraft for regional air mobility, today announced the completion of an internal funding round worth more than $240m. The round was led by Tencent, with participation from other existing investors including Atomico, Freigeist and LGT.
The new funds bring the total sum raised to date to more than $340m. They will be used to support further development of the Lilium Jet as well as underpinning preparations for serial production in Lilium’s newly-completed manufacturing facilities.
As well as designing and manufacturing the Lilium Jet, the company plans to operate a regional air mobility service as early as 2025 in several regions around the world. It recently celebrated the completion of the first stage of flight testing, with the five-seater Lilium Jet demonstrator flying at speeds exceeding 100 km/h.

Images and Quote courtesy LILIUM press


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