Lilium Unveils Plan To Raise Up To $250 Million In Fresh Capital

The Lilium Jet is designed to carry six passengers and a pilot up to 175 km with a 250-kph maximum speed. 

Credit: Lilium
German air taxi startup Lilium has announced a plan to raise up to $250 million in fresh capital, including a large infusion from existing investor Tencent Holding, which the company says will help it get to the first manned flight of its Lilium Jet late next year. The financing plan comes at a...
Ben Goldstein

Based in Washington, Ben covers Congress, regulatory agencies, the Departments of Justice and Transportation and lobby groups.

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