Existing investor Tencent is in talks as part of a round TUM's flying car developer reportedly aims to close at between $400m and $500m.
Lilium, a Germany-based airborne taxi developer spun out of Technical University of Munich (TUM) has begun talks with investors including internet group Tencent to raise $400m to $500m in funding, TechCrunch reported yesterday, citing people familiar with its plans.
An undisclosed venture capital investor told TechCrunch: “It is a very large round at a very large valuation,” though none of the sources provided details of that valuation nor any additional investors to which the company is speaking.
Founded in…
