Flying Taxi Startup Lilium raised $90M Series B

Lilium

Never again will you need to ask your taxi driver to take the scenic route as you’re flown from one location to another, much faster than by car and with significantly less environmental impact. That’s the promise of the five-seater Lilium jet, a new kind of all-electric vertical take-off and landing (VTOL) device being developed by a startup based in Munich, Germany, which, until just a few years ago, had yet to come into existence. with a single tap, hail the closest air taxi to take you to your chosen destination. The experience will have Uber-like convenience but the mode of transport couldn’t be any more different.

So Said the Founder
The founding mission of the company was to enable everyone to use this kind of transportation system in their everyday lives,” Lilium co-founder and CEO Daniel Wiegand

About Lilium Funding
Lilium announced it has closed $90 million in Series B funding, up from the $10 million Series A Lilium raised a year ago. Backing the round are Tencent; LGT, the international private banking and asset management group; Atomico, Lilium’s Series A backer founded by Skype co-founder Niklas Zennström; and Obvious Ventures, the early-stage VC fund co-founded by Twitter’s Ev Williams.

Headcount at Lilium
Headcount now stands at more than 75 people, around half of which are non-German

Other Startups in this Space
Kitty Hawk (backed by Google's Larry Page)
Zee.aero (backed by Google's Larry Page)
Vahana (backed by Airbus)


Tags: vertical take-off and landing VTOL, electric aircraft market, flying taxi, air transportation startups, #VTOL #FlyingTaxi, 

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