Lilium: 10 million euros for flying cars

In the Oberpfaffenhofen incubator ESA-BIC, Lilium Aviation is working on the vision of an electric flying car for individual transport. The Munich-based company has now attracted the London-based investment company Atomico, owned by Skype co-founder Niklas Zennstrom, for a 10-million-euro investment.

Munich-Frankfurt in an hour – without the hassle of driving to the airport, without traffic jams, without a guilty eco-conscience. Lilium is working on a flying vehicle that should be able to take off vertically from the city, electrically powered, quiet and 300 km/h fast. Sounds almost too good to be true, but already in March of this year, Frank Thelen and his investment company e42 convinced him to get involved with the startup.

Will Lilium “positively shake the world”?

Then today the news that Atomico is also investing in the Munich-based company. Niklas Zennstrom says:

“Lilium is [a] once-in-a-generation transformative technology that will have a seismic, positive impact on the world for generations to come. We know that cities are congested, aviation and travel pollute the environment and people waste time when they should be able to move around easily. These are the great challenges of our time and Lilium is determined to solve them.”

Lilium Aviation was founded in 2015 by four graduates of the Technical University of Munich. In the future, Zennstrom will also have a place in the Board of Directors of the company.

No more expensive than a normal cab

With the money, the startup wants to further expand its 35-member team. The first flight tests with the prototype are to take place as early as next spring. Thanks to lightweight construction, the market-ready jet should be at least as energy-efficient as an electric car and no more expensive to operate as a cab than a conventional transport service.

Simon Tischer has been writing for Munich Startup since December 2015. Preferably reporting on studies, background information and from events. He studied sociology at the Ludwig-Maximilians University in Munich.

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