Lilium Raises $240 Million for Flying Taxis: Travel Startup Funding This Week
Photo Credit: Lilium's new vertical-takeoff-and-landing aircraft seats five and promises be able to fly 186 miles in an hour. The travel startup is building a flying taxi service, and it has raised $240 million in additional funding, led by Tencent. Lilium
Skift Take
Take a break from all the bad news and dream about flying taxis.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.
This week, travel startups announced more than $240 million in funding.
Travel startups need help due to the economic impact of coronavirus. Seed-stage funding has been hit the most worldwide, dropping 22 percent since January, estimated CB Insights, a market intelligence company.
Growth-stage startups are also struggling. On March 17, Skift interviewed travel startup investors about their areas of concern, and investors mentioned short-term rental startups and corporate travel startups as yellow-flag categories.
This week, alternative accommodation brand Sonder laid off and furloughed about 400 people, or a third of its staff, The Information reported, while rival Lyric has al
