Lilium raises $90 million from Tencent, others

Lilium, a German start-up with Silicon Valley-scale ambitions to develop a 5-passenger "flying taxi", has raised a second, $90 million round of financing from top tech investors, makingit one of the best-funded electric aircraft projects to date. The company has emerged as one of Europe' s hottestit looks to create a new category of aircraft capable of both vertical take-off and electric powered jet flight. Lilium said on Tuesday the new funding, led by Chinese internet giant Tencent, also includes Liechtenstein-based LGT, Europe's largest family-owned investment firm; European venture firm Atomico; and Obvious Ventures.