Lilium, the Munich-based aviation company developing an all-electric vertical take-off and landing aircraft for regional air mobility, has welcomed investment management partnership Baillie Gifford as a new investor. Known for its track record of investing in high-impact technology companies such as Amazon, Tesla, Airbnb, Spotify and SpaceX, the partnership has invested US$35 million in the company, extending the current funding round to more than US$275 million and total investment to date to more than US$375 million.
The news comes less than three months after Lilium confirmed it had received US$240 million in additional funding from existing investors including Atomico, Freigeist, LGT and Tencent, who led the investment round. Combined, these funds will support the further development of the Lilium Jet as well as underpinning preparations for serial production in Lilium's newly-completed manufacturing facilities.
