In a groundbreaking development for the future of transportation, Xpeng's flying car subsidiary, AeroHT, has successfully raised $250 million in a recent Series B financing round. This substantial investment is set to accelerate the company's ambitious plans to bring its innovative flying car technology to the masses.
Based in China, AeroHT is focusing on the development of its unique modular flying car, dubbed the Land Aircraft Carrier. This vehicle aims to combine the functionality of ground travel with vertical take-off and landing capabilities, promising a revolutionary mode of personal and commercial transport.
The funding will support AeroHT's goal of initiating mass production by 2026, a timeline that aligns with the completion of its new factory. According to recent reports, the factory has already been topped out and is on track for completion by the fourth quarter of this year.
He Xiaopeng, CEO of Xpeng, expressed optimism about the project, highlighting the company's commitment to pioneering smart mobility solutions. The investment not only boosts AeroHT's production capabilities but also positions it as a frontrunner in the emerging flying car market.
Industry experts believe that AeroHT's advancements could redefine urban commuting, potentially easing traffic congestion in major cities worldwide. The successful funding round also hints at a possible future IPO, signaling strong investor confidence in the company's vision.
As AeroHT moves closer to its 2026 launch, the world watches eagerly to see if flying cars will indeed become a common sight in the skies. This venture could mark a significant step forward in the evolution of transportation technology.
Andrew Lee
