Low-altitude economy company Windfuture completes pre-B financing of over RMB200 million and is expected to obtain a passenger certification in 2027

According to Windfuture, a low-altitude economy enterprise, it recently completed a Pre-B financing of over RMB200 million. The financing was led by Zhongshan Investment, a subsidiary of Zhongshan State-owned Assets Supervision and Administration Commission, and participated by Jinshan District of Shanghai and Binance Capital. Several well-known investment institutions, including Aero-engine Fund, Yijing Capital, Baoding Venture Capital, etc., followed the investment. Old shareholders such as Rongyi also increased their investment in this round. The funds raised in this round will be mainly used to promote the R&D, testing, and certification of the Company's next-generation eVTOL products, as well as the construction of R&D and manufacturing centers in the Guangdong-Hong Kong-Macao Greater Bay Area and the Hangzhou Bay area and the exploration of application scenarios. After this financing, Windfuture will deeply lay out the two bay areas and set up assembly manufacturing, certification, and operation bases in the core cities of the two bay areas. It is understood that the Company's self-developed 2-ton electric vertical takeoff and landing aircraft M1 successfully took off in October 2023 and was accepted for certification by the Civil Aviation Administration of China in January 2024. It started to discuss special conditions in June and entered a new stage of certification. It is expected to obtain the cargo version of the airworthiness certificate next year. At the same time, the Company is actively pursuing the certification of carrying passengers and is expected to obtain the airworthiness certificate in 2027. Since the beginning of this year, Windfuture's revenue from small and medium-sized eVTOL products has grown rapidly. As of the time of writing, the Company's revenue has grown by 300% year-on-year.