Fancy a high-speed flying jet taxi? Tencent’s got you covered
Tencent Holdings is best known as the Chinese internet giant that is making waves with its mobile gaming and social media products. But it might also have an interest in futuristic taxis. The company recently invested in Lilium GmbH, a German startup that wants to bring a “flying jet taxi” to market, which promises to get passengers from downtown Manhattan to JFK airport in just five minutes.
Tencent’s share price has risen by 57% so far this year
SOURCE: Yahoo Finance
Seating five people and flying at 186 mph, Lilium’s sky taxi might sound like something out of science fiction story – but it’s not as far away as you think. The company’s already conducted a successful flight with a two-seater prototype last April.
Tencent’s interest in the vehicle, according to Lilium, is due to its ability to improve how people get around, and leapfrog some infrastructural spending in regions including Asia. The company’s chief commercial officer, Remo Gerber, said: “We think our technology could be rapidly adopted in urban areas or between cities – all you need is a landing pad. We’re looking for partners who can operate it, at a cost similar to train transport or taxi for passengers.”
Lilium was founded by a group of academics from the Technical university of Munch, and its backers include the European Space Agency.
Dominion holds Tencent in its Global Trends Ecommerce Fund.
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