Lilium Aviation, a Gilching, Germany based maker of electric small-scale vertical take-off and landing (VTOL) aircrafts, raised €10m in Series A funding.
Atomico, the venture capital firm based in London, made the investment. In conjunction with the funding, Atomico’s founder Niklas Zennström will be joining Lilium’s board.
The company intends to use the funds to continue developing the Lilium Jet, through flight testing beginning in early 2017, towards commercial production, expanding the existing staff of specialists and product engineers (read here).
Led by Daniel Wiegand, CEO, Patrick Nathen, Sebastian Born, and Matthias Meiner, Lilium is advancing the Lilium Jet, a zero-emission, electrically powered aircraft capable of vertical take-off and landing in urban areas and enabling air taxi services and other new models of transportation.