Planting a flag in Europe for the development of the kind of “deep technology” companies that have long been the bread and butter of Silicon Valley, the European venture firm Atomico has invested 10 million euros in the vertical take-off and landing plane developer, Lilium Aviation.

The roughly $10.7 million Series A investment announced at TechCrunch Disrupt London is meant to help Lilium develop into a manufacturer of a commuter alternative to helicopters and traditional planes.

Since the 1950s and 1960s, flying cars have ranked right up there with jetpacks as an example of the fulfillment of our expectations for future travel (I still think the Uber and Lyft app is pretty magical).

Read more