Lilium, a start-up aviation company based in Munich, announced on Thursday they have raised $90 million in investment to develop the five-seat Lilium aircraft. The funding, which brings the total capital raised to $100 million, will enable the company to grow its staff to more than 70 and work toward a first manned flight in 2019. The new investment "makes Lilium one of the best-funded electric aircraft projects in the world," said CEO Daniel Wiegand. No other company is promising the economy, speed, range and low noise levels of the Lilium Jet, Wiegand said. A remotely flown two-seat prototype flew in April, showing that it could take off vertically and then smoothly transition to horizontal flight.
This is a companion discussion topic for the original entry at https://www.avweb.com/ownership/lilium-raises-90-million-for-electric-vtol