Munich-based startup Lilium unveiled its five-seater electric air taxi prototype. The Lilium Jet, which conducted its first flight earlier this month, is part of an app-based flying taxi service that the company expects will be "fully-operational in various cities around the world by 2025."
The battery-powered jet is capable of traveling 300 kilometers (186 miles) in 60 minutes on a single charge, and will connect cities through a network of landing pads. Commuters will be able to book rides from their nearest landing pad through a smartphone app.
Lilium did not reveal how much its service will cost, but claims that it will be "comparable in price" with regular taxis. Remo Gerber, the company's chief commercial officer, told CNN Business that it is aimed at ordinary people and not just well-heeled business travelers.