Galaxy Automotive Seeds reported that a few days ago, the domestic low-level economic leader Wallant Airlines (VOLANT) announced the completion of the 100 million yuan level of financing plus round financing, this round of financing led by Qifu Capital, Nanshan War New Investment, Dun Hong assets follow Investment, the old shareholder low Light Venture Capital continues to invest, and Gengxin Capital serves as the exclusive financial adviser for this round of financing.
The current round of financing for VOLANT will continue to be used to promote the flight test and test of VE25 X1 verification aircraft, R & D and manufacturing of product aircraft AC101, accelerate model development and open up the commercial passenger transport market.
Photo: Volante Airlines, this is the third billion-yuan financing received by VOLANT this year.
Since its establishment in June 2021, VOLANT has completed six rounds of financing in the past three years: in July 2021, it completed a multi-million-dollar seed round of financing led by Shunwei Capital, followed by Ventech China.
and in January 2022, completed a 100 million yuan round of Pre-A financing led by clear Capital, Qingsong Fund, low-light Venture Capital and Shunwei Capital.
In May, 2023, the Pre-A round financing of several million US dollars was completed, with additional investment from Shun Wei Capital, Ming Shi Capital and low Light Venture Capital.
in February 2024, the 100 million yuan round A financing was completed, led by Dinghui Baifu and Zigong Venture Capital, and followed by the old shareholder Qingsong Fund and Gengxin Capital.
in April 2024, nearly 100 million yuan A + round financing was completed, led by Huaqiang Capital and Jingkai Capital.
In June 2024, it completed the 100 million yuan A financing + round financing, led by Kai Capital, Nanshan War New Investment, Dun Hong Asset follow Investment, and the old shareholder low Light Venture Capital continued to make additional investment.
It can be seen that in 2024, the financing pace of VOLANT is obviously accelerating.
However, in fact, it is not difficult to understand that the low-altitude economy, as an important strategic emerging industry, has been the focus of heated discussion from the Central Economic work Conference at the end of last year, to the local two sessions, and then to the national two sessions.
Especially after it was included in the government work report this year, in the past period of time, various places have issued relevant documents to promote the development of low-altitude economy, which accelerated the outbreak of low-altitude economic race track.
As an important participant, VOLANT will undoubtedly benefit from it.
Source: Volante Airlines, it is understood that the core members of VOLANT are mainly from Comac, GE, Honeywell and other world-class aviation companies, and have been deeply involved in the development, certification and commercialization of 9 passenger aircraft, including Comac ARJ21, C919, Xinfi Xinzhou MA700, Bombardier C-Series of Canada, and Downell Sea Wing of Germany, etc.
Has rich experience in civil aircraft research and development, airworthiness certification and commercialization.
Since its inception, VOLANT has made it clear to take commercial passenger transport eVTOL as the first product development direction.
VOLANT’s first product, VE25, which uses a composite wing structure, has a take-off weight of 2.
5t and can carry one driver and five passengers.
It is currently the world’s known manned eVTOL with the strongest load capacity, the largest space and the highest level of development.
According to Dong Ming, founder and CEO of Wallant Airlines, the Rand VE25-100 passenger eVTOL (Electric Vertical take-off and Landing vehicle) officially entered the model approval process six months ago.
At this pace, the model will enter a commercial demonstration flight by the end of 2025 and will be certified in mid-2026.
At present, VOLANT has signed strategic cooperation and intention orders with seven well-known enterprises, including China Southern Airlines, China Aviation Materials Rescue, Asia Jet Aviation Group, Huaxia Fidi Technology, Ruoer Aviation Industry, etc.
, with an intention order amount of 15 billion yuan, covering the whole scene of eVTOL applications such as low-altitude sightseeing, training, short-distance transportation, freight, emergency rescue and urban travel.
About “Seeds Discovery”: the “Seeds Discovery” column of Galaxy aims to create a service platform that links start-ups, ecological partners of the industrial chain, investment institutions and local governments, and deeply empowers the upstream and downstream of the industrial chain.
Since its inception, this column has been committed to exploring good companies, good technology and good business models that play an important role in enlightening and leading the industry in the spring tide of intelligent electric vehicles, so as to promote the growth of the innovation force of the automobile industry.
According to the statistics of Global Automotive, almost all the start-ups reported by Seeds Discovery have successfully docked the ecological resources of the industrial chain.
In the future, with the rapid development of intelligence and electrification, while giving cars unlimited imagination, while constantly reshaping the automobile industry chain, the “Seeds Discovery” column will continue to focus on the “tuyere” track and continue to empower the industrial innovation force.
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