The urban airborne vehicle developer closed more than $240m in funding, in a Tencent-led round reportedly valuing it at up to $1bn.
Internet group Tencent led a funding round for Germany-based electric aerial vehicle developer Lilium today that was sized at more than $240m.
The corporate was joined by other existing backers including venture capital firm Atomico, investment firm Freigeist Capital and asset management group LGT. Lilium was reported in October 2019 to be seeking $400m to $500m in the round.
Spun out of Technical University of Munich (TUM) in 2015, Lilium is working on a five-seater vertical take-off and landing…
