Founding Round Lilium

Lilium closes $240 million funding round

Cindy Bauernfeind
24.03.2020
2 minutes

Our WingMag already reported on the Munich-based aviation company Lilium, which is developing an emission-free regional aviation taxi. Today Lilium informed about the closing of an internal funding round of more than 240 million US dollars. The main investor Tecent as well as Atomico, Freigeist and LGT of Tecent participated in the funding round. Thanks to the financing, the airline now has a total of $340 million at its disposal.

The Munich-based company intends to use these funds to drive forward the further development of the Lilium jets. In addition, preparations for the planned series production of the regional air service will start. “The new funds will enable us to take big strides towards our shared goal of delivering regional air mobility as early as 2025,” Christopher Delbrück, Chief Financial Officer of Lilium announced. The first phase of flight testing was recently successfully completed. During this phase, the Lilium Jet Demonstrator with five seats was flown with a performance of over 100km/h.

David Wallerstein, Chief Exploration Officer of Tecent is convinced of Lilium. In recent years, he has had the opportunity to experience the professionalism and dynamism that Lilium brings to its mission. Tecent is therefore proud to continue supporting the company in the next steps on its path following the successful funding round of Lilium.

Picture © Lilium

by Cindy Bauernfeind

Related Posts