Flying Cars Closer To Reality Thanks To Lilium

Did you grow up with dreams of a reality where you can glide through the sky like Marty McFly in Back to the Future II or Korben Dallas in The Fifth Element? If a German startup has anything to say about it, flying cars will be in our future sooner than anticipated.

Flying Cars Closer To Reality Thanks To Lilium

German start-up company Lilium recently finished a $90 million round of funding in hopes of financing the development of a “flying taxi.” This massive round of funding puts Lilium towards the top of the best-funded companies hoping to build the first commercially viable flying car.

Lilium’s current plan is to build a five seat electric jet. It would look more like a plane than a car but would have the same function of a flying taxi cab. Projections put the vehicle on pace to travel 12 miles in five minutes, which could cut commute times drastically.

Flying Cars Closer To Reality Thanks To Lilium

Funding for the company comes from a variety of firms from across the world. They include Chinese internet investors Tencent, the Liechtenstein-centered LGT, Oblivious Ventures (co-founded by Twitter co-founder Evan Williams), and European firm Atomico.

Lilium is not the only one hoping to get a flying car to market. Companies such as Airbus and Uber are hoping to add it to their line of products.A Larry Page-funded startup called Kitty Hawk has also hopped into the competition.

Flying Cars Closer To Reality Thanks To Lilium

Lilium successfully tested a full-size jet for two people and is hoping to expand it to five. The successful test included a mid-air transition from its drone-like hover mode to operating as a conventional plane.

Remo Gerber, Lilium’s chief commercial officer, said,”The concept goes far beyond what you typically see from German start-ups.”

He added that they plan to use the funds for hiring purposes and in the development of the larger five seat jet. They hope to have manned test flights by 2019.