Lilium Aviation is a European Space Agency supported company that develops an electric vertical take-off and landing jet.
Lilium designs and manufactures electric vertical take-off and landing jets that is faster than a car.
Lilium Aviation was founded in 2014 by by Daniel Wiegand, Sebastian Born, Patrick Nathen and Matthias Meiner. The company is based in Gilching, Bayern, Germany.
Lilium aims at liberating towns and cities from today's congestion and pollution, with people able to come and go freely, vastly expanding the radius of their everyday lives.
The Lilium Jet consists of a rigid winged body with 12 flaps. Each one carries three electric jet engines. Depending on the flight mode, the flaps tilt from a vertical into a horizontal position. At take-off, all flaps are tilted vertical, so that the engines can lift the aircraft.
Lilium is backed by leading investors including Atomico, Tencent Holdings, LGT Capital Partners, Baillie Gifford, Obvious Ventures, Freigeist Capital and others. The company raised $35M in a new round on June, 09, 2020. This brings Lilium's total funding to $376.4M to date. The new round also gives the company a $1B+ valuation.