A German startup company takes a huge step forward in its ambitions to build flying taxis after raising $90 million in new funding from interested investors including Chinese firm Tencent Holdings Ltd, the New York Times reports.
Munich-based Lilium GmbH’s five-seater flying taxi, which is said to be capable of vertical take off, is currently at its development stage.
The company, which was founded merely two years ago, laid out what appears to be a stuff of science fiction at the time.
Now with the latest cash infusion, achieving their dreams of flying zero-emission cabs into the skies seems to be just a matter of time.
The company has already set the foundations for securing aviation certification by working with regulators. “We’re not waiting for the very last day to find out if we passed or failed,” according to chief operating officer Remo Gerber.
Lilium is not alone in this quest. Other companies working on flying cars include Uber and Airbus as well as Kitty Hawk, a firm funded by Google co-founder Larry Page.