Orrick has advised Atomico, the venture capital firm founded by Skype co-founder Niklas Zennström, on their investment in the $90 million Series B financing of Lilium. Founded in 2015, Lilium is a Bavarian developer of the world’s first fully electric vertical take-off and landing jet.
The financing was led by Tencent and also included LGT and Obvious Ventures. It brings Lilium’s total capital raised to more than $100 million. Atomico previously invested $10 million in Lilium’s Series A financing in December 2016.
Lilium will use the financing for the development of the five-seat Lilium Jet that will fly commercially.