Lilium raises $240 million to continue eVTOL development

April 03, 2020
Government & Non-Profit More...
Asset Timing and Transitioning More...
by Chad Goldberg
Average importance

The latest round brings the Munich-based flying taxi developer's total funding to nearly $350 million. While the internal raise is a show of confidence as investors double down on their bets, the capital also comes at a critical stage in Lilium's development, as the company will allocate the funds to complete the vehicle certification process as well as prepare the manufacturing facilities necessary for serial production of its five-seater autonomous vehicle. Still, do not expect production to start in the near future, as this process may only begin once the aircraft is fully type-certified and deemed airworthy by local aviation authorities, both of which we believe to be three to five years away.

For the original news article, click here .

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