Multiple Chinese media reports say Volant Aerotech, manufacturer of the VE25 eVTOL has secured USD100 million in a Series A++++ financing round.
“The fundraiser was led by Beijing Robot Industry Development Investment Fund, Shanghai-based Volant announced yesterday,” says YiCIA news. “Yanchuang Group and Shougang Fund’s equity investment platform Shoucheng Holdings, also participated….The proceeds will be used to speed up the development and manufacturing of eVTOL aircraft, the airworthiness certification of the VE25-100 model, and promote the commercialization of high-level commercial passenger eVTOL vehicles, Volant noted.
“Established in 2021, Volant’s main model is the purely electric VE25 that can accommodate five people. The company has inked deals and intention orders for over 700 aircraft worth CNY15 billion (USD2.1 billion) with several firms, covering low-altitude sightseeing, training, short-distance transport, freight, emergency rescue, and urban travel scenarios.
“CDH Investments, Huaqiang Capital, QF Capital, and Legend Capital took part in Volant’s Series A financing round.”
For more information
https://www.yicaiglobal.com/news/chinese-flying-car-startup-volant-bags-usd100-million-in-series-a-fundraiser