Lilium is targeting a network of flying taxis by 2025

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The Munich start-up Lilium unveiled Thursday its prototype electric five-seater air taxi. The Lilium Jet, which made its first flight earlier this month, is part of a flying taxi service based on an application that, according to the company, will be "fully operational in various cities around the world. from here 2025 ".

The battery powered jet can travel 300 kilometers in 60 minutes with a single charge and connect the cities via a network of landing strips. Commuters will be able to book trips from their nearest landing area via a smartphone app.

Lilium has not revealed the cost of its service, but says it will be "of a comparable price" with normal taxis. Remo Gerber, commercial director of the company, told CNN Business that the program was aimed at ordinary citizens and not just business savvy travelers.

"Today we are taking a big step forward in making urban air mobility a reality," Lilium co-founder and CEO Daniel Wiegand said in a statement. "We dream of a world where no one can fly anywhere where and when they want it."

By making this dream a reality, the German company will find itself facing some of the biggest names in the industry, including the world's largest company. Uber (UBER) is partnering with NASA to launch a network of flying taxis by 2023.
Other big names working on flying cars include Boeing (BA) and Rolls Royce (RYCEF).

Lilium, founded in 2015, says his plane is capable of making "much longer trips than the majority of its competitors".

Key sponsors of the company, which have collectively invested more than $ 100 million, include Atomico, the technology investment fund led by Skype co-founder Niklas Zennström, and the Chinese technology giant. Tencent (TCEHY).

Francesca Street contributed to this report.

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