Start-up Lilium secures 90 million dollars funding for electric air taxi project

Munich start-up Lilium has secured financing worth 90 million dollars from prominent funders to pursue its project of building an electric five-seat autonomous air taxi that takes off vertically. “This investment is a tremendously important step for Lilium as it enables us to make the five-seat jet a reality,” said CEO Daniel Wiegand in a statement. “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.”
In a commentary on the news, Frankfurter Allgemeine Zeitung says the start up plans a transport revolution that is hard to imagine. “But you have to give engineers credit for pursing their dream. This is how innovation develops.”

Read the press release in English here.

Read the commentary in German here.