Electric flying taxi unveiled, could be operating worldwide by 2025

The craft is powered by 36 jet engines that swivel after takeoff to provide forward flight in the manner of a standard plane, using 10% of the energy of multi-rotor drones based on helicopter tech

The world’s first all-electric vertical takeoff and landing passenger jet has been unveiled after completing its first flight.

German startup Lilium aims to have a fleet of the five-seat aircraft -- which can operate with a pilot or in drone mode -- flying in cities worldwide by 2025, providing a pay-per-ride service that will be emission-free, five times faster than a car and produce less noise than a motorbike.

Lilium has $100 million in funds and must raise the same amount again to bring the model to market, while adding hundreds more jobs to its payroll of 300 people, Chief Executive