Tencent Backs German Startup's High-Speed Flying Jet Taxi
- Lilium eyes 5-seater model that can travel 186 miles per hour
- Tencent, VC Obvious Ventures among investors in this round
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With a promise to haul passengers from downtown Manhattan to JFK Airport in just five minutes, flying jet taxi designer Lilium GmbH raised $90 million from investors including Tencent Holdings Ltd.
The Munich-based startup wants to use the money to build a prototype that can seat five people and fly as fast as 300 kilometers per hour (186 miles per hour), after its existing two-seater test model had a successful first flight in April, Chief Commercial Officer Remo Gerber said in an interview.