Lilium, the Munich-based aviation company developing an all-electric, vertical take-off and landing aircraft for regional air mobility, just announced the completion of an internal funding round worth more than $240m. Lilium has now raised more than $340 million since it was founded in 2015. As well as designing and manufacturing the Lilium Jet, the company plans to operate a regional air mobility service as early as 2025 in several regions around the world. It recently celebrated the completion of the first stage of flight testing, with the five-seater Lilium Jet demonstrator flying at speeds exceeding 100 km/h. The aircraft is expected to offer range of almost 190 miles and top speeds of 186 mph.