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.
Source: avwebLilium Raises Million For Electric VTOL