Lilium Aviation raises $10.7 million for vertical take-off and landing jet | cross pond high tech | Scoop.it
From venturebeat.com - December 14, 2016 2:54 PM

Flying cars have long been the centerpiece of fantastical future visions, but personal flying machines never quite materialized. One startup, however, is looking to change that.


Lilium Aviation has today announced a €10 million ($10.7 million) funding round from Skype cofounder Niklas Zennström’s Atomico, to create a world “in which everyone can fly anywhere, anytime,” the company says. But the electric Lilium jet isn’t a car as such — it doesn’t have wheels.


The jet remains a prototype for now, but with its latest funding round the company is looking to expedite development, with flight-testing kicking off in early 2017 ahead of commercial production.