Volant Aerotech (Shanghai) Co., Ltd., a leading Chinese developer of high-grade passenger electric vertical takeoff and landing aircraft (eVTOL), announced the completion of a Series B+ financing round worth about US$ 15 million.
The funding will support the airworthiness certification and mass production preparation of Volant’s VE25 eVTOL model, a key step in accelerating the company’s commercialization timeline.
The move comes as China’s low-altitude economy—a sector encompassing urban air mobility, eVTOL operations, and low-altitude airspace development—enters a critical growth phase. The government has recently issued the Airspace Management Regulations of the People’s Republic of China, set up a Low-Altitude Economy Department under the National Development and Reform Commission, and designated six pilot cities for low-altitude economy initiatives. These measures signal Beijing’s commitment to opening up urban airspace and promoting eVTOL adoption as part of broader efforts to upgrade urban transport, reduce emissions, and advance the country’s dual-carbon strategy.
Founded in 2021, Volant has rapidly established itself as a pioneer in China’s commercial eVTOL market. Its VE25 model features a compound wing design aimed at balancing operational safety with commercial scalability. The company’s team draws on experience from major aircraft programs such as the ARJ21 and C919, enhancing its research and development efficiency. Volant became the first Chinese company to complete a piloted flight of a high-level eVTOL and now leads in development progress, airworthiness certification, and pre-sale intent orders.
This financing round saw participation from listed industrial partners including Bethel Automotive (603596), Hailide (002206), Aima Technology (603529), Jingjiang Technology (300258), and Bojun Technology (300926). These companies, together with Jinding Capital, bring expertise in smart manufacturing, new materials, and precision processing. The collaboration is expected to accelerate performance improvements and reduce supply chain costs for Volant, leveraging industrial capital to strengthen the nascent eVTOL ecosystem.
Jinding Capital founding partner Wang Yijie highlighted the transformative potential of eVTOL technology, calling it a “once-in-a-century shift for the aviation industry” and projecting a trillion-dollar global market opportunity. Liu Diwei, head of Jinding’s low-altitude economy sector, emphasized Volant’s early achievements, including piloted test flights, certification milestones, and strong intent orders, noting the company’s professionalism and operational efficiency.
Volant co-founder and CEO Huang Xiaofei said the collaboration with Jinding Capital and its industrial partners provides not only financial backing but also strategic support for long-term development. “Their insights into the low-altitude eVTOL sector and ability to leverage industrial capital are invaluable,” Huang said. “This partnership will help Volant lead the eVTOL industry while fostering growth across China’s emerging low-altitude economy.”
The VE25 model’s certification and production roadmap, supported by this latest funding, positions Volant at the forefront of China’s eVTOL sector, as the industry moves from proof-of-concept to large-scale commercial operations.
