Its product is designed to impact the future of mobility: Lilium, a start-up founded at the Technical University of Munich (TUM), is developing an electric-powered flying taxi. Based on its technology and the successes of the latest funding round, the company is now valued at over $1 billion. This places it alongside the world’s most successful start-ups: the “unicorns”. Following Celonis, which achieved unicorn status in 2018, Lilium is the second start-up founded at TUM to join this elite club.
Lilium was founded in 2015 by the TUM graduates Daniel Wiegand, Sebastian Born, Matthias Meiner and Patrick Nathen and attracted considerable attention with its product right from the start: an electric-powered vertical take-off and landing taxi designed to fly passengers to their destinations. Propulsion is provided by 36 wing-mounted propellers, powered by batteries that will provide a range of 300 kilometers. The flying taxi will have space for a pilot and four passengers. The company now employs more than 450 people.Read more.Source: “The TUM start-up family boasts it’s second “unicorn”, TUM News.