The Lilium Jet – The world's first all-electric VTOL jet

Lilium has successfully tested its all-electric vertical take-off and landing (VTOL) jet in April 2017. The basic concept of a VTOL is that it has the benefits of a helicopter in terms of taking off without requiring a huge runway, but once airborne, it can still achieve the higher top speeds of a fixed wing aircraft like a jet.

Germany's Lilium Jet, backed in part by the European Space Agency, is a decidedly space-age looking vehicle and is probably the closest thing we have to the real concept of flying cars.In April of 2017, a full-size prototype of the Lilium, dubbed Eagle, made its maiden voyage above an airfield outside Munich. The Lilium design expands on existing Vertical Take Off and Landing technology, which powers military aircraft like the Harrier Jump Jet. Scaled down for civilian use, the Lilium is basically a two-seat electric jet for the discerning 21st-century commuter.Last week, Lilium Aviation announced that it has raised $90 million in a new round of financing.
"This is the next stage in our rapid evolution from an idea to the production of a commercially successful aircraft that will revolutionize the way we travel in and around the world's cities," Lilium co-founder and CEO Daniel Wiegand said in a statement announcing the new financing.