Announced
Completed
Financials
Sources
Tags
Aerospace
Cross Border
Private
Completed
Friendly
Acquisition
flying car startup
Minority
Private Equity
China
Synopsis
IDG Capital, an investment and asset management firm, and 5Y Capital, a private equity firm, led a $500m Series A funding round in HT Aero, a flying car startup. Additional investors included Sequoia China, Eastern Bell Capital, GGV Capital, GL Ventures and Yunfeng Capital. “Our next-generation model will be a fully integrated flying vehicle and automobile, designed for both low-altitude air travel and road driving,” Deli Zhao, HT Aero Founder and President.
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