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March 24, 2020

Engine fires and coronavirus: How Lilium managed to raise $240m in tough times

Last month its prototype aircraft caught fire. Now coronavirus will halt all test flights. But Lilium has still managed to raise a new round.


Maija Palmer

3 min read

Last month, its prototype plane caught fire. Now coronavirus will put further test flights on hold. But Lilium, the German startup planning to build an “Uber of the skies” fleet of electric flying taxis, has still managed to raise a $240m funding round from internal investors.

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