German Flying Taxi Startup Joins Unicorn Club With New Funding

A German startup that’s making an all-electric vertical takeoff and landing passenger jet became a billion-dollar “unicorn” after raising $35 million from Baillie Gifford & Co., the largest investor in Tesla Inc. after its billionaire owner Elon Musk.

Lilium’s new funding came with a post-money valuation of more than a billion dollars, according a person familiar with the situation, who asked not to be identified as the details are private.