The air taxi developer added $35m from Baillie Gifford to a $240m first close led by Tencent in March, and is now valued above $1bn.
Investment manager Baillie Gifford added $35m to a funding round for Germany-based urban aircraft developer Lilium already backed by internet group Tencent, lifting it to more than $275m.
Tencent led the round’s first close in March this year, participating alongside investment firm Freigeist Capital, venture capital firm Atomico and asset management group LGT.
The round values Lilium at more than $1bn, sources close to the company told TechCrunch. Chief commercial officer Remo Gerber confirmed that the round, which earlier…
