EHang Holdings has announced a strategic investment totalling over USD22 million.The investors are Zhuhai Enpower Electric, a Chinese leading new energy vehicle power systems provider, and a strategic institutional investor from the Middle East, says EHang.
“The strategic investment from Enpower is based on its recently announced long-term strategic partnership and technology development cooperation with EHang, aimed at co-developing high-performance electric motor drive systems for EHang’s suite of electric vertical take-off and landing aircraft,” says EHang in a press release. “Additionally, the strategic investment from the United Arab Emirates-based investor reflects their optimism in China’s emerging low-altitude economy industry and EHang’s growth potential as a global eVTOL leader. The UAE represents one of EHang’s largest international markets with an intentional order book of 100 units with five units delivered. This investor will utilize their extensive financial and business network to assist in EHang’s international expansion in other countries in the Middle East as well as in Southeast Asia.
“This strategic investment brings EHang’s total year-to-date financing to nearly USD100 million, enhancing the company’s financial position as it embarks on its next phase of development and growth in the global UAM industry.”
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https://www.ehang.com/news/1138.html