Lilium Raises $240 MillionTo Advance eVTOL Development

Lilium had completed flight tests of its first prototype when it was damaged by fire.
Credit: Lilium

Electric air taxi developer Lilium has raised an additional $240 million from existing investors, taking the total raised so far by the German startup to more than $340 million. The internal funding round was led by Chinese technology company Tencent, with participation by European venture-capital...

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