Munich-based aviation startup Lilium is known for its all-electric, vertical take-off and landing aircraft for regional air mobility. In a recent move, this air taxi startup announced that it secured an additional investment of $35 million (nearly €30.1 million) from Baillie Gifford, its new investor. Notably, this new investor has a track record of investing in high-impact tech companies such as Tesla, Amazon, Airbnb, SpaceX, and Spotify.
Lilium surpasses $1b valuation!
This investment comes just three months after Lilium raised $240 million (nearly €211.2 million) led by existing investors Atomico, LGT, Freigeist, and Tencent. With this new investment, the overall investment in the current funding round extends to over $275 million (nearly €242 million). And, the overall investment raised by the German air taxi startup goes to over $375 million (nearly €330 million).