An electric jet start-up just signed a $1 billion deal with a commercial airliner

Lilium says its five-seater jets can travel up to 186 in one hour. Lilium Lilium, a German start-up making electric jets that can take off and land vertically, has announced plans to sell 220 of its vehicles for up to $1 billion to Brazilian airliner Azul. The two firms said on Monday that they plan to build an eVTOL (electric vehicle takeoff and landing) aircraft network across Brazil between now and 2025. “The aircraft we’re planning to launch will do 175 miles an hour,” Alex Asseily, Lilium’s chief strategy officer,…

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