Aircraft
eVTOL Startup EHang Prepares for Nasdaq Share Offering
EHang is seeking to raise $100 million from a Nasdaq IPO to support its eVTOL aircraft programs
China's EHang is looking to raise fresh capital to finance the development of its two-seat 216 eVTOL aircraft.
China's EHang is looking to raise fresh capital to finance the development of its two-seat 216 eVTOL aircraft.

Electric vertical takeoff and landing (eVTOL) aircraft manufacturer EHang yesterday filed papers with the U.S. Securities and Exchange Commission (SEC) to prepare the way for an anticipated $100 million initial public offering (IPO) on Nasdaq. Late on October 31, the China-based group made an SEC F1 filing for the Cayman Islands-registered EHang Holdings Limited, giving notice of its intention to offer Class A ordinary shares from an as-yet unspecified date before the end of 2019 and secure a Nasdaq listing under the symbol EH. The IPO would make EHang the first of numerous privately-owned eVTOL startups to go public.