LILIUM

Source: Lilium Munich-based aviation startup Lilium is soaring higher today with a funding boost of $240 million. The internal funding round is led by Tencent, with Atomico, Freigeist and LGT participating. The funding will fuel Lilium’s development and production of the Lilium Jet, an all-electric, VTOL passenger drone . According …

In Germany this week a small however well-funded aviation startup efficiently accomplished preliminary take a look at flights for an aerial transport service with a twist. This is the Lilium Jet, from Lilium. It’s electrical, has vertical take-off and touchdown capabilities and has been designed to be the Uber of …