HT Aero, an urban air mobility (UAM) company and affiliate of China-based electric car maker XPeng, has raised $500 million in Series A funding as it seeks to stake its claim in the rapidly growing UAM industry.
HT Aero Raises $500M in Quest to Launch eVTOL
Key Takeaways:
- HT Aero, an affiliate of XPeng, has raised $500 million in Series A funding to develop an integrated flying vehicle and automobile, aiming for a 2024 rollout.
- Unlike many eVTOL companies targeting the business sector, HT Aero is focusing on individual consumers with its two-seater Xpeng X2 aircraft for low-altitude urban travel.
Key takeaways sponsored by Aviator Pro | Start Your Training ->
See a mistake? Contact us.
