Existing investor Tencent is in talks as part of a round the flying car developer reportedly aims to close at between $400m and $500m.

Germany-based airborne taxi developer Lilium has begun talks with investors including internet group Tencent to raise $400m to $500m in funding, TechCrunch reported today, citing people familiar with its plans. An undisclosed venture capital investor told TechCrunch: “It is a very large round at a very large valuation,” though none of the sources provided details…

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