{"id":640869,"date":"2017-09-06T03:54:17","date_gmt":"2017-09-06T03:54:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/investors-pouring-money-into-urban-flight\/"},"modified":"2017-09-06T03:54:17","modified_gmt":"2017-09-06T03:54:17","slug":"investors-pouring-money-into-urban-flight","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/investors-pouring-money-into-urban-flight\/","title":{"rendered":"Investors pouring money into urban flight"},"content":{"rendered":"

\u201cMeet George Jetson\u201d:<\/strong> Lilium, a German startup formed two years ago, is planning on bringing the Jetsons\u2019 fully electrical flying taxi to life. The company launched a successful test flight back in April (watch, runtime: 1:53<\/a>), with its two-seater plane reaching a speed of 300 km\/h at traveling at a range of 300 km. The company is at the forefront of an investment bonanza in urban air travel. Lilium has raised USD 100 mn in total to develop a five-seater from the likes of Chinese social media giant Tencent, Skype founder Niklas Zennstr\u00f6m\u2019s Atomico, and Twitter co-founder Ev Williams\u2019 Obvious Ventures, the FT reports<\/a>. The company faces stiff competition, as German carmaker Daimler joined a consortium to invest EUR 25 mn in Volocopter, while Uber and Airbus also pouring into their own rival products.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cMeet George Jetson\u201d: Lilium, a German startup formed two years ago, is planning on bringing the Jetsons\u2019 fully electrical flying taxi to life. The company launched a successful test flight back in April (watch, runtime: 1:53), with its two-seater plane reaching a speed of 300 km\/h at traveling at a range of 300 km. The […]<\/p>\n","protected":false},"author":1,"featured_media":640870,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9004],"tags":[72,2388],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-640869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-watching","tag-enterpriseam","tag-worth-watching","wpautop","entry"],"acf":{"mongo_id":"f54cf7e5-6f9a-435d-8038-83ae80bfab2e","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2017\/9\/341.jpg","photo_position":"above","related_issue":[640847],"teaser":"","voice_url":""},"yoast_head":"\nInvestors pouring money into urban flight - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/investors-pouring-money-into-urban-flight\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investors pouring money into urban flight\" \/>\n<meta property=\"og:description\" content=\"\u201cMeet George Jetson\u201d: Lilium, a German startup formed two years ago, is planning on bringing the Jetsons\u2019 fully electrical flying taxi to life. The company launched a successful test flight back in April (watch, runtime: 1:53), with its two-seater plane reaching a speed of 300 km\/h at traveling at a range of 300 km. 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