Flying Taxis – Major Tesla Shareholder Funding

German vertical take-off air taxi start-up company Lilium has just received a major funding boost from Baillie Gifford, the second-biggest shareholder in Tesla.

Additional Funding

Lilium, which had already raised $340 million, $240 million of which came from China’s Tencent, has boosted its coffers by a further $35 million thanks to funding from Scottish company Baillie Gifford, which itself is a 7.67 per cent owner of Tesla.

Air Taxi

The funding will go towards the development...