Dude, where’s my flying car? Lilium Aviation raises $10.7 million for vertical take-off and landing jet – VentureBeat

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Flying cars have long been the centerpiece of fantastical future visions, but personal flying machines never quite materialized. One startup, however, is looking to change that.

Lilium Aviation has today announced a €10 million ($10.7 million) funding round from Skype cofounder Niklas Zennström’s Atomico, to create a world “in which everyone can fly anywhere, anytime,” the company says. But the electric Lilium jet isn’t a car as such — it doesn’t have wheels.

The jet remains a prototype for now, but with its latest funding round the company is looking to expedite development, with flight-testing kicking off in early 2017 ahead of commercial production.

Above: Full-scale Lilium jet prototype.

The problem that Lilium is trying to fix is one that some technology giants are addressing through other means. For example, one of Uber’s stated goals is to cut down on…

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