- 25 Mar 2020 10:24 AM
Munich-based Lilium GmbH announced on March 23, 2020 that is had completed an internal funding round worth more than $240M. The round was led by Tencent, with participation from other existing investors including Atomico, Freigeist and LGT.
The new funds bring the total sum raised to date to more than $340M. The company said the additional funds will be used to support further development of the Lilium Jet as well as underpinning preparations for serial production in Lilium's newly-completed manufacturing facilities.