https://techcrunch.com/2020/06/08/lilium-adds-35m-from-baillie-gifford-at-a-1b-valuation-for-its-electric-aircraft-taxi-service/

While most air travel continues to be ground to a halt, a German startup working on what it hopes will be a major breakthrough in flying has raised more funds to continue building its service. Lilium, which is designing an all-electric vertical take-off and landing aircraft that it plans to build into a taxi-style fleet to ferry passengers within and between cities, has picked up an additional $35 million in funding.

The capital is an extension to a $240 million round Lilium announced just in March of this year, and notably brings in a new, high profile investor to the startup’s cap table: Baillie Gifford, the storied Scottish VC that has backed the likes of Tesla and SpaceX, Spotify, and Airbnb, among others. (As we reported in March, the $240 million came from existing investors, which include the likes of Tencent, Atomico, Freigeist and LGT.)