Tencent-backed German air taxi firm Lilium plans to raise $250m

Tencent-backed German air taxi firm Lilium plans to raise $250m

Photo: Lilium's Website

Germany’s Lilium said on Tuesday it would raise up to $250 million, including from its largest shareholder Tencent Holdings, to fund the development of its eVTOL (electric vertical take-off and landing) jet.