Chinese autonomous eVTOL aircraft developer EHang this week secured access to new credit facilities of RMB 1 billion ($149 million) to support further research and development, manufacturing, and operations. The funding arrangement was announced on June 28 with the Agricultural Bank of China (ABC), which will provide EHang with “comprehensive banking services.”
EHang, which is based in Guangzhou, China, is developing a family of all-electric autonomous aerial vehicles (AAVs), including the two-seat EH216 and the larger, longer-range VT-30. The EH216 is designed to autonomously fly passengers across distances of up to 22 miles (35 km). In addition to supporting urban air taxi services, other versions of the pilotless EH216 could be used for firefighting, logistics operations, and even sightseeing tours.
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