Volant Aviation completed a Series A++ round of financing, raising a cumulative $100 million in A-series financing.

Chen Yukan, reporter, Securities Times

The financing feast of low-altitude economy continues. Chen Yukan, reporter of Securities Times, learned from Volant Aviation on August 19 that Volant Aviation has completed a series A++ financing round. The financing round was led by Beijing Robotics Industry Fund, with Beijing Guoguang Fund, Capital of the first steel fund, and Yanchuang Group participating in the investment, and Gengxin Capital serving as the financial advisor of the financing round. Meanwhile, the company has completed the A1 round of financing, with a cumulative financing of $100 million, and has simultaneously launched the next round of financing.

The fifth financing round of Volant Aviation since 2024, which is a series A++ financing round, will be used to accelerate the development and manufacturing of Volant Aviation's eVTOLs, the type-certification of Volant Aviation's eVTOLs, and the commercialization of higher-level civil passenger eVTOLs.

Founder and CEO of Volant Aviation, Dong Ming, said that Volant Aviation has completed five financing rounds in the past half year, with a grand shareholder structure, fully demonstrating the great appeal of the eVTOLs. Since its establishment, Volant Aviation has signed cooperative agreements and signed orders with more than 700 aircrafts and orders with a value of more than RMB 1.5 billion with South Aviation, China General Aviation, Yacheng Aviation and other well-known enterprises, covering the full scene of eVTOL applications such as low-altitude sightseeing, training, short-haul transportation, cargo, emergency rescue, and urban travel. In the tide of the low-altitude economy, Volant Aviation is gathering capital consensus and market consensus.

On July 5, Volant Aviation announced that it had completed a series A+++ financing round, which is the fourth series A financing round completed by Volant Aviation since 2024. Volant Aviation has become the company with the most financing rounds in China's eVTOL industry in the first half of 2024.