Lilium, the German eVTOL aircraft developer, on March 23 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.
Munich-based Lilium has now raised more than $340 million since it was founded in 2015. The company says it will use the additional funds to make further progress with its flight test program for its five-seat, all-electric Lilium Jet, design work on a final production model and equipping its new manufacturing facilities.
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