On August 5th, XPENG AeroHT announced that it has secured $150 million in Series B1 financing and is launching Series B2 financing. This round of funding will ensure the smooth progress of XPENG AeroHT’s flying car research and development, large-scale production, and commercialization. XPENG AeroHT is set to build the world’s first flying car factory utilizing modern assembly lines for large-scale production in the Guangzhou Development Zone. The factory will initially produce the flying parts of the split-type flying car, the “Land Aircraft Carrier.” Additionally, the presale of the split-type flying car “Land Aircraft Carrier” is planned to begin in the fourth quarter of this year.
XPENG AeroHT founder Zhao Deli mentioned that the company currently possesses ample financial reserves, and the latest round of financing will ensure the smooth progress of XPENG AeroHT’s flying car research and development, large-scale production, and commercialization.
It is understood that the XPENG AeroHT split-type flying car “Land Aircraft Carrier” is divided into two parts: the ground vehicle and the flying vehicle, which can automatically separate and combine. The ground vehicle can fully accommodate the flying vehicle within itself and operate on the ground. The flying module is the first manned pure electric vertical takeoff and landing aircraft developed for personal users in China. It adopts a distributed electric propulsion system, meets single-point failure safety requirements, and has both manual and automatic driving modes. It features a 270° panoramic two-person cockpit. The ground module is a 4-5 person intelligent driving cockpit equipped with an extended-range electric drive system, capable of multiple recharges for the flying vehicle. The entire vehicle employs a three-axis six-wheel design, enabling 6×6 all-wheel drive and rear-wheel steering, providing excellent load capacity and off-road capability. The product is planned to start presale in the fourth quarter of this year.
XPENG AeroHT’s recent $150 million Series B1 financing marks a significant milestone in the development and commercialization of flying cars. With plans to build the world’s first large-scale flying car factory, collaboration with large manufacturers and maintenance companies (see: https://evtolasia.com/2024/07/29/gameco-and-xpeng-aeroht-forge-strategic-alliance-to-establish-flying-car-after-sales-service-system/), and the upcoming presale of the innovative “Land Aircraft Carrier,” XPENG AeroHT is poised to revolutionize personal transportation. This new funding will ensure the smooth progress of their ambitious projects, bringing the future of urban mobility into the present.
References:
https://cn.aeroht.com/article/article?id=166
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