Sep 5, 2017

'Flying taxi' company Lilium raises $90 million

via Lilium website

Lilium, a German company developing electric "flying taxis," has raised $90 million in Series B funding from Tencent, Atomico, LGT, and Obvious Ventures (Twitter co-founder Ev Williams's VC firm). This capital injection comes less than a year after its last round and just months after it completed its first test flights.

Run time: Lilium is seeking to build vehicles that could travel at least 180 mph and remain in the air for around an hour. The business focus would be an urban on-demand model, basically offering an in-the-air alternative to taxis or street-based ride-hail services.

Next frontier: Flying taxis—or "vertical take off and landing" (VTOL) vehicles—have been all the rage lately in aerospace startup land. A growing number of companies are involved in the development of such aircraft, including Uber, Kitty Hawk and Zee (both backed by Larry Page). Plus Volvo parent company Geely, which recently acquired Terrafugia. In April, Uber even held a conference entirely focused on the subject.

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Bernie's juggernaut

Sen. Bernie Sanders speaks in San Antonio last night with his wife, Jane. Photo: Eric Gay/AP

Sen. Bernie Sanders won so big in the Nevada caucuses that Democrats are hard-pressed to sketch a way he's not their nominee.

Driving the news: With 60% of precincts counted (slow, but better than Iowa!), Sanders is running away with 46% of delegates — crushing Joe Biden's 20%, Pete Buttigieg's 15%, Sen. Elizabeth Warren's 10% and Sen. Amy Klobuchar's 5%.

Go deeperArrowUpdated 2 hours ago - Politics & Policy

Buttigieg campaign claims Nevada caucuses were "plagued with errors"

Photo: Win McNamee/Getty Images

Pete Buttigieg's campaign wrote a letter on Sunday asking the Nevada State Democratic Party to release early vote and in-person vote totals by precinct and address certain caucus errors identified by campaigns, The Nevada Independent reports.

The big picture: The campaign alleges that the process of integrating early votes on caucus day was “plagued with errors and inconsistencies,” and says it received more than 200 incident reports from precincts around the state.

Go deeperArrowUpdated 2 hours ago - Politics & Policy

Coronavirus threat grows, threatening some drug supplies

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

As the novel coronavirus continues spreading globally and China grapples with a limited production capability, there's a growing risk to about 150 prescription drugs in the U.S., sources tell Axios.

The big picture: The coronavirus has spread to more countries, with both South Korea and Italy stepping up emergency measures amid rising case numbers on Sunday. COVID-19 has killed at least 2,467 people and infected almost 79,000 others, mostly in mainland China.

Go deeperArrowUpdated 3 hours ago - Health