Brv China-Backed Evtol Start-Up Zerog Closes Nearly Rmb10 Million Seed Round

Jun 07, 2022•about 3 years ago

Amount Raised

¥10 Million

Round Type

seed

Description

Zerog, a Chinese electric vertical take-off and landing (eVTOL) aircraft developer, recently completed a nearly RMB10 million (USD1.48 million) seed round with BlueRun Ventures China (BRV China) as the sole investor. The financing closes as the Nanjing-based start-up unveils ZG-ONE, its pioneering eVTOL aircraft product for low-altitude tourism. The Zerog is the only publicly known eVTOL firm in China that is simultaneously developing eVTOL aircraft with three configurations: multi-rotor, composite wing and tiltrotor.

Company Information

Company

Brv China

About

BlueRun Ventures China (BRV China) is a leading early-stage venture firm in China with offices in Beijing and Shanghai. Having its heritage in Silicon Valley since 1998 and entered China in 2005, BRV China has managed over $1.5 billion through multiple USD and RMB funds, with over $1 billion cash distributions. BRV China focuses on investing in entrepreneurs who create a sustainable impact through technological innovations across enterprise services, transportation and smart machine, digital healthcare, and consumer technology sectors in China. The firm has invested in more than 150 portfolio companies, including Li Auto (NASDAQ: LI), QingCloud (688316.SH), WaterDrop (NYSE: WDH), Energy Monster (NASDAQ: EM), Mogujie/Meilishuo (NYSE: MOGU), Qudian (NYSE: QD), Ganji/58.com, PPTV, Guazi, Meishubao, Nanyan, Shanzhen, Gaussian Robotics, Yi Auto, Pinecone, etc. The firm has been recognized as the "No.1 Early-Stage Investment Firm" in China by Zero2IPO and ChinaVenture, and "Consistent Performing Venture Capital Fund Manager" by Preqin. For further information, please visit https://www.brv.com.cn/en/. SOURCE BRV China

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