Volant Aerotech Bags 100M Yuan in Pre-A Round Financing
Summary
This round was led by Future Capital, followed by Qingsong Fund and Welight, and its existing shareholder Shunwei Capital continued to increase its investment.Founded in June 2021, the firm focuses on providing safe, environmentally friendly and affordable passenger aircraft, as well as solutions for future air travel. The company is fully investing in full-scale technology verification aircraft, and will complete the final assembly and delivery in the near future.The firm has complete engineering and technical capabilities, covering overall aircraft and aerodynamics, system engineering, and flight test and airworthiness certification. Funds from the recently concluded round will be used to promote the R&D, manufacturing and flight test of its full-scale technology demonstrator, accelerate the basic work of airworthiness, and explore the application market.SEE ALSO: Chinese Aerospace Firm Rocket Pi Bags Tens of Millions of Yuan in Pre-A FinancingDong Ming, founder and CEO of Volant Aerotech, said: In recent years, the trend of comprehensive transformation of the automobile industry to new energy has promoted the rapid development of upstream energy system industry, making aviation distributed electric propulsion technology (DEP) possible and mature. We are actively discussing various application scenarios and their technical performance requirements with many aviation operators.As the lead investor of this round of financing, Eric Xia, a partner at Future Capital, said: We have been focusing on intelligent electric travel since our establishment, and have invested in the field of electric aviation since 2018. eVTOL will become one of the important modes of transportation in the future because of its safety, high efficiency and low cost. The tenacity, concentration and enthusiasm of Dong Ming and his team make us willing to be its long-term supporter.