Ht Aero Raises Us$500+ Million In Series A Financing
10/19/21, 9:00 AM
Location
guangzhouMoney raised
$500 million
Round Type
series a
HT Aero (Huitian, or the Company), an urban air mobility (UAM) company and an affiliate of XPeng Inc., today announced that it has entered into a definitive agreement with a consortium of investors to raise over US$500 million for its Series A capital funding. The funding round is led by IDG Capital, 5Y Capital and XPeng Inc. with participation by a consortium of renowned investors, including Sequoia China, Eastern Bell Capital, GGV Capital, GL Ventures and Yunfeng Capital.
Company Info
Location
guangzhou, guangdong province, china
Additional Info
HT Aero aspires to be the leading pioneer of urban air mobility (UAM) and is dedicated to producing safe and intelligent electric flying vehicles which combine automotive and aerospace technologies to realize domestic air-travel usage at scale. Established in 2013, it has accumulated 15,000 safe manned flights. The company is a constitutor of China’s new flying vehicle standards and has won multiple industrial design awards including Red Dot Awards, IF Award, IDEA Design Award. For more information, please visit https://www.aeroht.com.
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