A Tesla shareholder invested in German flying taxi startup

Nabanita Dutta

News Editor
Image Credit: shortpedia

Lilium is a German flying taxi firm and recently it has raised $35 million one of Tesla’s largest shareholders Baillie Gifford. With the fresh fund Lilium has become a tech Unicorn with a valuation of $1 billion. Baillie Gifford now owns 4% stake in the tech company. Lilium’s concept it simple. They are working on a big drone taxi that will be able to carry 5 passengers and that concept attracted Gifford’s attention.