Florida is renowned for its weird news stories. In current weeks alone, one resident reported an alligator in her garage that ended up being a swimming pool floatie; another found a python in her cleaning device; and a horse required to be taken out of a septic tank by firefighters.

Still, don’t dismiss Orlando citizens who report seeing flying taxis overhead since they may simply be coming. Lilium Air travel, a five-year-old, Munich, Germany-based start-up that creates and makes electric vertical take-off and landing jets, is apparently seeking tax rewards from the city to build a 56,000-square-foot transportation hub with the promise that it will develop 100 high-wage tasks in return.

According to the Orlando Organization Guard, the proposed center– a launch and landing location that would become part of Lilium’s very first transportation network in the U.S.– would represent a $25 million financial investment and, according to the city’s own estimates, produce $1.7 million in economic impact in a 10-year duration. (Lilium in September began individually checking out with Germany’s Düsseldorf Airport and Perfume Bonn Airport how to turn the 2 airports into local air mobility centers.)

It’s probably a clever time for Lillium– whose aircrafts aren’t anticipated to be up and running until 2025– to be talking with cities about additional airport income. Guest traffic has actually fallen through the flooring, owing to the pandemic, and cargo traffic has not been immune, either. In the meantime, 95% of income from airports comes non-aeronautical and aeronautical services.

Lilium has a little bit more investing cash, after raising $35 million in fresh financing in June led by Baillie Gifford, the biggest investor in Tesla, a round that brought the business’s overall funding to date to $375 million.

Earlier investors in the company consist of Atomico, Tencent Holdings and Freigeist.

We took a seat with Atomico creator Niklas Zennström in late 2016 when the company had actually just led a EUR10 million Series A in Lilium, a bet that appeared early at the time despite rivals like Terrafugia and AeroMobile, but that may be a reality relatively soon. There are now at least 15 flying ‘cars and trucks’ and ‘taxis” in advancement.

Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.