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April 22, 2017 | Next Up: Flying Electric Cars

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Remember the Jetsons?

Lilium has successfully tested its all-electric vertical take-off and landing (VTOL) jet for the first time, and you can watch the inaugural test flight above. The basic concept of a VTOL is that it has the benefits of a helicopter in terms of taking off without requiring a huge runway, but once airborne, it can still achieve the higher top speeds of a fixed wing aircraft like a jet.

The Lilium Jet actually completed a series of tests (the condensed version is above), using this two-seat prototype of the larger craft it eventually hopes to create. Lilium also marked the occasion by announcing a new 5-seater design, which it envisions will be used for on-demand flying taxi and ride-sharing services in the future. They’re promising us flying cars, in effect.Here is a direct video link.

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April 22nd, 2017

Posted In: Juggling Dynamite

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