Five-seater, all-electric and jet-powered air taxi makes its first test flight in Munich, Germany.

Lilium, the Munich-based startup developing a revolutionary on-demand air taxi service has unveiled its five-seater, all-electric air taxi prototype. In an announcement last week, the German startup said that its jet-powered air taxi has just completed its maiden flight.

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Following years of slowed growth, ride-sharing app Uber may soon be forced to start selling its vast amounts of user data in order to turn a profit.

The company has been affected by a number of scandals in recent years, as a result, its growth rate slowed to 2.3 percent in the fourth quarter over the previous quarter, making the company’s annual loss of more than $3 billion all the more worrisome for investors.

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