A major Tesla shareholder just turned a flying taxi startup into a unicorn

4 years ago
Anonymous $-9GJQVHNr8

https://thenextweb.com/shift/2020/06/09/lilium-flying-taxi-firm-nets-35m-tesla-shareholder-evtol-vehicles-take-off-becomes-unicorn/

German flying taxi firm, Lilium, has just netted $35 million in investment from one of Tesla’s largest shareholders, taking another step towards realizing its ambition of producing its first vehicle in 2025.

Investment firm Baillie Gifford’s cash injection gives the company a 4% stake in Lilium. In return, the five-year-old electric vertical take off and landing firm has just become a tech unicorn with a valuation of $1 billion, the FT reports.