Jul 01, 2023 05:53 AM

BUSINESS

Geely-Backed Flying Car Maker Raises $13.8 Million

By Fang Zuwang and Han Wei

00:00

00:00/00:00

Listen to this article 1x

The AE200 is a manned five-seat electric vertical take-off and landing vehicle.

The AE200 is a manned five-seat electric vertical take-off and landing vehicle.

Aerofugia, a flying car developer backed by Zhejiang Geely Holding Group Co. Ltd., raised more than 100 million yuan ($13.8 million) to fund product development and applications.

The Series A financing round was led by Tsinghua Holdings Capital (TH Capital), followed by SIP Oriza Seed Fund Management Co. Ltd. and two other investors, Aerofugia said Friday.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler

2: Meituan Enters Open-Source AI Race With LongCat Model

3: Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million

4: End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently

5: Alipay Fined by Luxembourg Regulator for Anti-Money Laundering Breaches

SPONSORED

OR