XPENG AEROHT today announced the completion of its USD150 million Series B1 funding round and the initiation of its Series B2 funding round. The company is preparing to construct the world’s first modern assembly line for large-scale production of flying cars in Guangzhou Development District, which will first be used for the production of the air module of its modular flying car, “Land Aircraft Carrier”.
Founder Zhao Deli said this funding round will ensure the successful development, mass production, and commercialization of XPENG AEROHT’s flying cars. The “Land Aircraft Carrier” consists of a ground module and an air module that can autonomously separate and combine. The ground module can house the air module and drive on the road.
“The air module, the first manned electric vertical takeoff and landing (eVTOL) aircraft developed for users in China, features a distributed electric propulsion system, meeting single-point failure safety standards,” said the company in a press release. “It offers manual and autonomous driving modes and has a 270° panoramic dual-seat cockpit. The ground module seats 4-5 passengers and is equipped with a range-extended electric drive system to recharge the air module multiple times. The vehicle has a three-axle, six-wheel design for 6×6 all-wheel drive and rear-wheel steering, offering excellent load capacity and off-road capability. Pre-sales are expected to begin in the fourth quarter of this year in China.
The company has also developed “the world’s first ultra-low-altitude multi-parachute rescue system for flight safety” said the company. XPENG AEROHT’s five previous generations of flying cars have completed nearly 20,000 flight tests, providing valuable data and experience for the modular flying car “Land Aircraft Carrier”.
XPENG AEROHT is also expanding its nationwide flight application network, with nearly 60 flying car camps signed so far, including general aviation airports, scenic spots, cultural and tourism towns, and urban suburbs, offering safe and compliant flying spaces.
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