The Lilium Jet eVTOL is backed by investors such as Tencent. | Aviation International News

Lilium Raises $240M More for Its eVTOL Program

The further $240 million in funding raised by Lilium for its eVTOL aircraft development suggests that investors are not deterred by the Covid-19 pandemic.

The five seat electric Lilium Jet is due to enter commercial service in 2025. [Photo: Lilium]

By Charles Alcock • Managing Editor

March 23, 2020

German eVTOL aircraft developer Lilium today announced the completion of an internal funding round that has raised a further $240 million. The round was led by Chinese technology venture capitalist group Tencent and other existing investors, including Atomico, Freigeist, and LGT.

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