FutureFlight
Existing Investors Back the Lilium Jet With a Further $240 Million
Lilium has now raised more than $340 million in several funding rounds since the German eVTOL maker launched in 2015.
Lilium Jet over New York
The Lilium Jet eVTOL aircraft is supposed to start commercial service in two or three cities during 2025. [Photo: Lilium]

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.