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Full scale model of the 7 Seater Lilium Jet Munich HQ scaled e1669931891889Lilium, which is developing an all-electric vertical take-off and landing jet, has closed on a funding round of $119 million.

Participants included Honeywell Aerospace and Aciturri, as well as LGT and affiliated impact investor Lightrock, Tencent, B. Riley Securities, and others. Lilium’s new CEO, Klaus Roewe, as well as three board members also participated.