{"id":15855,"date":"2020-06-09T09:15:21","date_gmt":"2020-06-09T08:15:21","guid":{"rendered":"https:\/\/www.compositestoday.com\/?p=15855"},"modified":"2020-06-09T09:15:23","modified_gmt":"2020-06-09T08:15:23","slug":"lilium-secures-35-million-in-new-funding-for-carbon-fibre-air-taxi","status":"publish","type":"post","link":"https:\/\/www.compositestoday.com\/2020\/06\/lilium-secures-35-million-in-new-funding-for-carbon-fibre-air-taxi\/","title":{"rendered":"Lilium Secures $35 Million in New Funding for Carbon Fibre Air Taxi"},"content":{"rendered":"\n

Munich-based aviation company Lilium has announced Baillie Gifford, as a new investor.<\/p>\n\n\n\n

Baillie Gifford, known for their track record of investing in technology companies such as Amazon, Tesla, Airbnb and SpaceX<\/a> has invested $35 million into the company. <\/p>\n\n\n\n

The news comes less than three months after Lilium confirmed it had received $240m in additional funding from existing investors including Atomico, Freigeist, LGT and Tencent, who led the investment round.<\/p>\n\n\n\n

The funds raised during this round give us the security to weather the challenging economic landscape we see around us and we\u2019re grateful to be able to stay fully focused on our mission<\/p><\/blockquote>\n\n\n\n

The new funds bring the total sum raised to date to more than $375m, which will be used to support further development of the Lilium<\/a> Jet as well as underpinning preparations for serial production in Lilium’s newly-completed manufacturing facilities.<\/p>\n\n\n\n

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