FIRST AIRED: September 5, 2017

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>> Hovering in the skies above Munich, this airplane like the stuff of science fiction. Yet Daniel Vegon from German startup Lillian, says this is very much reality.>> We want to establish and build a new means of transportation.>> Its two seats of electric powered jet is only the start of it.
The company founded by four graduates in 2015, has just raised a second $90 million to develop its next projects. A five passenger flying taxi, capable of both vertical take off and jet flight.>> So you have an airplane that takes off vertically like a helicopter. But once it's in the air, it accelerates into forward flight and flies with wind borne lift.
>> The funding is led by Chinese Internet giant Ten Cent, and a raft of other European investment firms. The electric powered race is heating up. Two years ago, Airbus debuted its e-plane and is said to be working on testing a self-piloted flying car sometime this year. Uber is also said to be spreading its wings, but it's Lilium which is attracting all the attention.
A manned test flight of the five seater is expected around 2019 with roll out sometime in the next decade.