Lilium soars to $90m series B

Sep 5, 2017 •

Technical University of Munich spinout Lilium Aviation has closed a $90m series B round that included Tencent to support the development of its five-seat jet.

Lilium Aviation, a Germany-based developer of flying cars that take off and land vertically, closed a $90m series B round today that included internet group Tencent.
Asset management firm LGT, Atomico and Obvious Ventures also contributed cash to the round.
Founded in 2015, Lilium Aviation is working on flying cars that take off and land vertically. The company hopes its Lilium Jet will reach speeds of up to 300km/h and stay in the air for an hour at…

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