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On-demand air taxis just got one step closer to becoming a reality. Lilium, the German startup whose flying taxis can go from vertical takeoff to horizontal flight, has announced $90m (£69.59m) in funding, a big leap from the $10m it had already raised from London VC Atomico and Freigeist. The latest round of funding was raised by Tencent, LGT, Atomico and Obvious Ventures.

Image: http://www.wired.co.uk