June 27 news, recently, Wofeng completed round B hundreds of millions of yuan of financing, the domestic low-altitude economy eVTOL (electric vertical take-off and landing aircraft) industry in the past two years in a single largest financing.
It is reported that this round of financing is mainly invested by Ziyuan Capital, China Control Fund, Zhongke Chuangxing, Flying Skyline, Quanzhou Hailui and so on.
The financing funds will be mainly used for the research and development and commercialization of AE200, a fully self-developed product of Wofeng, to speed up the landing of urban air traffic.
Photo: Wo Fei Changsky, a subsidiary of Geely Technology Group, focuses on the R & D and commercial operation of global low-altitude smart transport aircraft.
AE200 is a self-developed strategic product of Wofi Changkang, which is a 5-6-seat tilting power pure electric vertical take-off and landing manned eVTOL, with a range of 200km, and will be gradually applied to carry out high-density passenger commercial air transport over densely populated areas, as well as air tourism, emergency rescue and other scenarios.
According to the understanding of Gesco, since its inception, Wofeng has completed three rounds of market-oriented financing.
Among them, the first round of financing is led by China Holdings Fund, with a total amount of more than 100 million yuan.
In view of the fact that China Control Fund has 16 years of investment experience in the field of advanced manufacturing and high-end equipment, and has created a development pattern with complete aerospace industry chain and complete functions, this round of financing has introduced more resources upstream and downstream of the industrial chain for Wofi Changkong.
further improve the ecological layout in the field of low-altitude economy.
The A + round financing is led by China Science and Technology Chuangxing.
It is reported that China Science and Technology Chuangxing insists on investing in optoelectronic chips, artificial intelligence, aerospace and other fields, and has made many advanced layouts in the field of cutting-edge science and technology, which has also brought more support to Wofei Sky.
Judging from the actual effect, Wofeng has indeed made continuous progress.
According to the latest news, the AE200 verification aircraft has successfully completed a series of flight test subjects such as full-size, full-weight and full-envelope tilting transition, becoming the first eVTOL company in China and the second in the world to complete such test subjects.
At the same time, airworthiness certification is also the first to enter the stage of compliance plan formulation and approval, and the R & D process and airworthiness certification process are at a fast level.
Photo source: Wo Fei Sky, of course, Wo Fei Chang Sky is just one of many players in the low-altitude economy.
In large scale, the whole field of low-altitude economy is now active in investment and financing, especially drones and eVTOL (Electric Vertical take-off and Landing aircraft) enterprises have become hot spots of investment.
Also in June, for example, Volante Airlines, a company in the eVTOL sector, announced the completion of a billion yuan round of financing.
This is a new round of 100 million yuan financing completed in a short time after the completion of 100 million yuan A round financing in March 2024 and 100 million yuan A + round financing in April 2024.
Photo: Volante, in addition, in the first half of this year, Zhuoyi Intelligence, Xingluo Intelligence, Special Gold Intelligence and other enterprises have respectively completed 100 million yuan of financing.
According to the Economic Information Daily, the head of the Sadie Consulting Intelligent equipment Industry Research Center told him that according to incomplete statistics, there have been 19 investment and financing incidents in the field of low-altitude aircraft since 2024, and more than 70% of the investment and financing projects have been invested in drone enterprises, including manufacturers of drones, systems and parts.
From the trend, the field of investment gradually extends from the whole machine to the whole chain of key systems and parts.
The popularity of the low-altitude economy is due to the factors of policy guidance.
Since the Central Economic work Conference listed the low-level economy as a strategic emerging industry at the end of last year, to this year’s “Government work report” defines the low-level economy as one of the “new growth engines,” and policies guide and promote all localities to seize the first opportunity for the development of the low-level economy.
In order not to fall behind on the new track.
It is not difficult to see that low-altitude economic policies have been launched in many places since the beginning of this year.
Provinces and cities including Sichuan, Anhui, Shenzhen, Suzhou, Shenyang, Taicang, Wuhan and Tianjin have issued action plans or draft proposals related to the low-altitude economy this year.
Sichuan, for example, recently issued guidance on promoting low-altitude economic development, defining specific measures such as “provincial finance allocates 200 million yuan to support low-altitude economic development” and “give priority to supporting qualified projects to apply for local government special bonds”.
Wuhan recently issued a number of measures to support the high-quality development of the low-altitude economy, clearly “giving 10 million yuan of financial support to the newly approved national industrial innovation centers, technological innovation centers, and engineering research centers in the field of low-altitude economy.
” , photo source: screenshot of the government website, such as Wuhan, “some measures of Wuhan to support the High-quality Development of low-altitude economy (draft for soliciting opinions)” shows that for newly established low-altitude economic enterprises, the business scope is the R & D and manufacture of electric vertical take-off and landing aircraft (eVTOL) and large and medium-sized unmanned aircraft, R & D and manufacturing of core components and commercial operation, etc.
, with paid-in registered capital of more than 10 million yuan (including capital).
After signing a cooperation agreement with the municipal government or the local government, it is promised that the scale of output value (operating income) to be included in the statistical accounting of this city in the second year will not be less than 20 million yuan, when it fulfills its commitment in the second year, it will be given a settlement reward of not more than 10 million yuan according to 5% of the paid registered capital.
On June 20, at the 2024 Wuhan low-altitude economy Industry Development Promotion Conference, Wuhan set out its goal: by 2027, the core industry scale of the low-level economy will exceed 20 billion yuan.
By 2030, the industrial scale of the low-altitude economy will exceed 100 billion yuan, and Wuhan will enter the first square of the comprehensive strength of the domestic low-altitude economy.
All in all, the low-altitude economy is now a lot of good, and all parties are ambitious.
Of course, it should still be pointed out that the low-altitude economy, as a capital-intensive, technology-intensive and high-end talent-intensive industry, is a “long slope and thick snow” track, full of challenges and uncertainties.
Players still need to make long-term planning and long-term preparations to work together to promote their growth.
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