Lilium, the Munich-based aviation company, has announced the completion of internal funding round worth more than $240 million (approx €224 million). The round was led by Tencent, with participation from other existing investors, including Atomico, Freigeist, and LGT. This brings the total fundraised to more than $340 million (approx €318 million).
The German company is planning to use the funding to support further development of the Lilium Jet as well as underpinning preparations for serial production in Lilium’s newly-completed manufacturing facilities.
As well as designing and manufacturing the Lilium Jet, the company plans to operate a regional air mobility service as early as 2025 in several regions around the world.
Christopher Delbrück, Chief Financial Officer, Lilium, said: