The Lilium Jet – The world’s first all-electric VTOL jet (VIDEO)

VTOL jet

The Lilium Jet – The world’s first all-electric VTOL jet

German aviation startup Lilium has closed a $90 million series B round of funding from a handful of notable investors, including Chinese technology giant Tencent, existing investor Atomico (the VC firm created by Skype cofounder Niklas Zennström), Obvious Ventures (the VC firm founded by Twitter cofounder and former CEO Ev Williams), and global banking and asset management group LGT.

Founded out of Munich in 2014, Lilium — known as Lilium Aviation until a name change a few months back — is setting out to create a world “in which everyone can fly anywhere, anytime” by building compact all-electric jets that take off and land vertically. This would effectively bypass expensive, space-consuming runways and would position the company to fulfill its mission of bringing Uber-style air taxis to market within a decade. Continue reading “The Lilium Jet – The world’s first all-electric VTOL jet (VIDEO)”