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 urban air mobility (UAM) company affiliated with XPeng, has secured $500 million in Series A funding.
- The funding will accelerate research and development to launch a "flying vehicle and automobile" designed for both low-altitude air travel and road driving by 2024.
- Unlike many eVTOL developers, HT Aero specifically targets individual consumers with its vehicles, exemplified by its latest two-seater Xpeng X2 model.
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