The world’s first all-electric vertical takeoff and landing passenger jet has been unveiled after completing its first flight.
German startup Lilium aims to have a fleet of the five-seat aircraft — which can operate with a pilot or in drone mode — flying in cities worldwide by 2025, providing a pay-per-ride service that will be emission-free, five times faster than a car and produce less noise than a motorbike.
Lilium has $100 million in funds and must raise the same amount again to bring the model to market, while adding hundreds more jobs to its payroll of 300 people, Chief Executive Officer Daniel Wiegan told Bloomberg TV.
