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Flying taxi start-up Lilium raises $90 million from Tencent, others

The firm has emerged as one of Europe's hottest start-ups

Reuters  |  Frankfurt 

Lilium, a German start-up with Silicon Valley-scale ambitions to develop a 5-passenger "flying taxi", has raised a second, $90 million round of financing from top tech investors, making it one of the best-funded electric aircraft projects to date. The company has emerged as one of Europe's hottest start-ups as it looks to create a new category of aircraft capable of both vertical take-off and electric powered jet flight. Lilium said on Tuesday the new funding, led by Chinese internet giant Tencent, also includes Liechtenstein-based LGT, Europe's largest family-owned ...

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First Published: Tue, September 05 2017. 16:00 IST