FutureFlight
AutoFlight Lands $100 Million Investment in V1500M Passenger eVTOL Vehicle
German technology investment group Team Global led a Series A funding round that will support the Chinese start-up's efforts to bring a four-passenger eVTOL aircraft to market in 2024.
AutoFlight V1500M
With $100 million in new funding, AutoFlight is prioritizing the development of the larger V1500M passenger-carrying eVTOL. (Photo: AutoFlight)

Chinese eVTOL aircraft developer AutoFlight says it has raised a further $100 million through a Series A investment round. The company, which so far has been primarily focused on bringing cargo-carrying vehicles to market, received most of the fresh backing from European technology investor Lukasz Gadowski and his company, Team Global.

In a November 22 announcement, the Shanghai-based AutoFlight reported that in October it achieved the first flight with its V1500M proof-of-concept passenger aircraft. It said it is now stepping up certification work in China, with plans to also seek EASA approval.

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