Lilium raises €10M Series A from Atomico to commercialise its electric VTOL jet
On-demand urban air transportation is the next big thing according to Daniel Wiegand, CEO and Co-Founder of Lilium. The German aviation startup develops an electric VTOL (vertical take-off and landing) aircraft called Lilium jet since 2015. Today, Atomico invests €10M Series A and Niklas Zennström joins the board. Daniel and his team of 35 employees have the vision to make urban aviation electric, silent and available for everyone with the help of airtaxis and other aviation services. Uber also shares the vision that urban mobility should go vertical and is already working on matching pilots and passengers that want to bypass street-level congestion and traffic jams. In October 2016, the Californian mobility giant unveiled Uber Elevate in a 97-page must-read whitepaper. It would be no surprise if they soon co-invested in Lilium as übercool VTOL jets are the missing link to launch Uber in the air.
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