The urban airborne vehicle developer closed more than $240m in funding, in a Tencent-led round reportedly valuing it at up to $1bn.

Internet group Tencent led a funding round for Germany-based electric aerial vehicle developer Lilium today that was sized at more than $240m. The corporate was joined by other existing backers including venture capital firm Atomico, investment firm Freigeist Capital and asset management group LGT. Lilium was reported in October 2019 to be seeking $400m to…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.