Lilium electric flying taxi, that will fly from Manhattan to JFK in 5 minutes, gets $90 million funding.
The electric flying taxi by German start-up Lilium will be able to travel from London to Paris in one hour.
We are incredibly happy to announce that we completed a $90 million Series B funding round.
The investment will be used for the development of the five-seat Lilium Jet that will fly commercially, as well as to grow our current team of more than 70.
In April we achieved a world first when the full size prototype successfully performed its most complicated manoeuvre – transitioning between hover mode and horizontal flight.
Daniel Wiegand, our co-founder and CEO said:
“This investment is a tremendously important step for Lilium as it enables us to make the five-seat jet a reality. This is the next stage in our rapid evolution from an idea to the production of a commercially successful aircraft that will revolutionise the way we travel in and around the world’s cities. It makes Lilium one of the best funded electric aircraft projects in the world. Our backers recognise that Lilium’s innovative eVTOL technology puts us in the lead in this exciting new industry, with no other company promising the economy, speed, range and low-noise levels of the Lilium Jet.”