Existing investor Tencent is in talks as part of a round TUM's flying car developer reportedly aims to close at between $400m and $500m.

Lilium, a Germany-based airborne taxi developer spun out of Technical University of Munich (TUM) has begun talks with investors including internet group Tencent to raise $400m to $500m in funding, TechCrunch reported yesterday, citing people familiar with its plans. An undisclosed venture capital investor told TechCrunch: “It is a very large round at a very large…

The rest of this content is only accessible to University Venturing: News, Data, and Events - Global University Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.