Lilium’s 400 eVTOL air taxi annual production goal seeks funding
This is shaping up to be a busy and auspicious week for electric takeoff and landing (eVTOL) air taxi developer Lilium. Just days after the German company hailed the success of its Phoenix 2 prototype’s first full transition flight, its boss announced a search for new funding to enable what he said would be initial production targets of 400 craft each year.
The two events mark a maturing of Lilium as it advances eVTOL development toward certification, production, and launch of its future air taxis. On Wednesday the company posted a video on social media celebrating the first successful full-speed transition of its Phoenix 2 from vertical to horizontal flight. In a letter to shareholders the same day, Lilium’s recently arrived CEO Klaus Roewe described why the sortie was so significant in the craft’s evolution toward operation.
“Transition represents the technically challenging phase (for eVTOL aircraft) between powered vertical lift and the…