Recently, Wofei Changkong completed a Series B financing of several hundred million yuan, marking the largest single financing in the domestic low altitude economy eVTOL industry in the past two years.

This round of financing is mainly invested by Ceyuan Capital, with follow-up investments from Huakong Fund, Zhongke Chuangxing, Aoxiang Tianxing, Quanzhou Hairui, and others. The financing funds will mainly be used for the research and commercialization process of its fully self-developed product AE200, accelerating the landing of urban air traffic and promoting the high-quality development of China's low altitude economy.

As a leading domestic eVTOL R&D enterprise, Wofei Changkong is a company under Geely Technology Group dedicated to the global research and commercial operation of low altitude intelligent transportation aircraft. It is also the only low altitude travel enterprise in China that has the ability to develop fully independent intellectual property eVTOL products and operate internationally leading eVTOL products.

Since its establishment, Wofei Changkong has gained the favor of a group of capital and has completed three rounds of market-oriented financing.

The first round of financing was led by Huakong Fund, a leading domestic private equity investment institution, with a total amount exceeding 100 million yuan. Huakong Fund has accumulated 16 years of investment experience in advanced manufacturing and high-end equipment, creating a complete and fully functional development pattern in the aerospace industry chain. This round of financing has introduced more upstream and downstream resources in the industry chain for Wofei Changkong, and worked together to improve the ecological layout of the low altitude economy field.

The A+round of financing is led by China's first professional platform, Zhongke Chuangxing, which focuses on hard technology entrepreneurship investment and incubation. As the creator of the "hard technology" concept and a pioneer in "hard technology" investment, Zhongke Chuangxing insists on investing in fields such as optoelectronic chips, artificial intelligence, and aerospace, and has made many advanced layouts in cutting-edge technology fields.

After completing the first two rounds of financing last year, in the short term, Wofei Changkong once again secured billions of yuan in Series B financing——

At the same time, it is also the largest single financing event in the domestic low altitude economy eVTOL industry in the past two years, fully demonstrating the recognition of capital and market for the strength of Wofei Changkong and its optimistic future development.

As a benchmark in the investment industry, the focus of Ceyuan Capital on Wofei Changkong this time is not only due to its optimistic outlook on the huge development potential and market prospects of the low altitude economy, but also reflects the favor of the capital market for companies like Wofei that have technological innovation capabilities, focus on product research and development, and stable business models.

It is worth mentioning that shortly after the completion of Series B financing, Wofei Changkong also made significant progress in product research and development——

The AE200 electric vertical takeoff and landing aircraft (eVTOL) validation aircraft, a self-developed strategic product under the company, has successfully completed a series of flight tests including full size, full weight, and full envelope tilt transition, becoming the first eVTOL enterprise in China and the second in the world to complete such test subjects. At the same time, airworthiness certification has also taken the lead in formulating and approving compliance plans, with the research and development process and airworthiness certification process at the forefront of the industry.

At present, the low altitude economy is accelerating its takeoff and has become an important representative of new quality productivity, which is one of the new engines driving China's economic development.

As a low altitude economic "chain leader" enterprise, Wofei Changkong has always adhered to a precise and firm development strategy in the face of the explosive market, and has deeply cooperated with multiple leading companies in the industry in multiple fields.

Among them, the order for 100 AE200 aircraft signed with Hualong Airlines, the largest business aircraft operator in the Asia Pacific region, is the first innovative collaboration between eVTOL and the business aviation industry, ushering in the era of eVTOL flight in business aviation; The cooperation with CITIC Haizhi, the largest general aviation enterprise in China, is the first strategic collaboration between a leading domestic eVTOL enterprise and the largest general aviation enterprise in China; We have reached a cooperation agreement with Gansu Aviation Investment, one of the most comprehensive aviation enterprises with the most comprehensive business formats and the strongest operational capabilities in the northwest region, to jointly create a national level model for electric aviation cultural and tourism operations.