Currently, micro mobility is the buzzword when we talk about short distance commute in a city or urban landscape. This is expected to change in a span of few years when flying cars take off, and there are several companies that are working on making this a reality. Uber Air, Volocopter and Lilum are working on their respective air taxi services and as per a TechCrunch report, the German startup Lilium is in talks with investors to raise a notable amount of funding.
Big funding round ahead?
Citing sources, TechCrunch reports that Lilium trying to boost its standing in the air taxi race with fresh funding. The German startup is approaching investors to raise anywhere between $400 and $500 million (€363 and €454 million) and as per one VC familiar with the matter, “It’s a very large round at a very large valuation.”