LACORE’s client Lilium has a grand vision: in the not-so-distant future, humans shall travel by taxi on the air instead than on the road. To get there, the Munich-based company and its CEO Daniel Wiegand are developing a „flying car“ that will be operated as a taxi. The prototype, which had its first successful test flight, will develop even further thanks to the new financing round. The aircraft is powered electrically rather than by fossil fuels.
The investment was lead by Chinese investor TenCent, who is behind WeChat and has also invested in Tesla. Alongside participated Atomico, who had already made an investment in the previous financing round. They were joined by LGT Bank Liechtenstein as well as Obvious Ventures, which was started by Twitter co-founder and Medium CEO Ev Williams.
However, the first to believe in the team and the product, and to invest seed capital was German investor e42 GmbH from Frank Thelen, who is known for his role as a juror in the TV show “Die Höhle der Löwen”, the german equivalent of „Shark Tank“. Since then has LACORE advised Lilium. LACORE has represented Lilium’s interests in the current financing round as well as drafted the related documentation.
Lilium was advised by André Eggert, Yamila Eraso, Ole Nieke (Corporate), Maria Höricke (IP), and Dr. Melanie Lahr (Labour Law).