Another investment in the future of aviation continued this week when Lilium Aviation announced a successful round of funding, led by Chinese tech giant Tencent Holdings and at least four other groups. When added to the initial funding the German company Lilium has already received, the company’s investment kitty now tops the $100M mark. The company expects the fresh investment money will spur additional research and development efforts for the company’s five-seat, electrically powered jet taxi.
Lilium Raises $90M in New Funding Round
Key Takeaways:
- Lilium Aviation has secured over $100 million in funding, led by Tencent, to advance its electrically powered jet taxi project.
- The company is developing a five-seat electric jet taxi for short, high-speed flights, with ambitions for commercial operation within 10 years, accessible via a smartphone app.
- Their two-seat Eagle prototype successfully completed its maiden flight, demonstrating the vertical takeoff and landing capabilities of their jet-powered design.
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