Start-up Lilium secures 90 million dollars funding for electric air taxi project
Munich start-up Lilium has secured financing worth 90 million dollars from prominent funders to pursue its project of building an electric five-seat autonomous air taxi that takes off vertically. 鈥淭his investment is a tremendously important step for Lilium as it enables us to make the five-seat jet a reality,鈥� said CEO Daniel Wiegand in a statement. 鈥淭his is the next stage in our rapid evolution from an idea to the production of a commercially successful aircraft that will revolutionise the way we travel in and around the world鈥檚 cities. It makes Lilium one of the best funded electric aircraft projects in the world.鈥�
In a commentary on the news, Frankfurter Allgemeine Zeitung says the start up plans a transport revolution that is hard to imagine. 鈥淏ut you have to give engineers credit for pursing their dream. This is how innovation develops.鈥�
Read the press release in English .
Read the commentary in German .