Smart green angel Frank Thelen invests in Lilium Aviation to fly an electric plane
Ecosummit TV: Electric aviation is the future of aviation. Co-Founder and CEO Daniel Wiegand pitched Lilium Aviation at ECO15 London on 6 October 2015. On 7 March 2016, the famous German smart green angel Frank Thelen invested in Lilium Aviation buying 15% of the company. The Munich-based startup is supported by Climate KIC and develops an electric plane that can take off and land vertically due to tiltable electric engines. The plane has a beautiful design, will travel at 400 km/h and achieve an all-electric range of 500 km. The first manned flight is planned in 2016 and the commercial rollout starts in 2018. The Lilium jet costs €300K and can already be pre-ordered online – Tesla style. We think Lilium Aviation is one of the hottest and most innovative smart green startups in Europe. For sure, Elon Musk will love it, too.
Read moreChristian Reitberger and Jan Michael Hess chat about smart green angel investing
Ecosummit TV: We need more smart green angels in Europe. At the same time, angels should get better at co-investing in smart green startups and creating value during the holding period. With this motivation Christian Reitberger and Jan Michael Hess chat about the art of smart green angel investing at ECO15 Berlin. Christian is a VC and angel at the same time. This double role is possible as Wellington Partners stopped doing new investments in resource efficiency and, as a result, there is no conflict of interest. While many angels stay in the background, Christian gets a lot of dealflow because there is a general shortage of early stage investors and many people just know him. During the last years, he made 12 angel investments including 1 exit and 1 write-off. His active portfolio contains Romo Wind and Electrochaea.
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