TU Munich's air taxi developer has added $35m from Bailie Gifford to a $240m first tranche led by Tencent in March, and is now valued above $1bn.
Investment manager Bailie Gifford added $35m to a funding round for Lilium, a Germany-based electric aerial vehicle developer spun out of Technical University of Munich, lifting it to more than $275m.
Internet group Tencent led the round’s $240m 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…
