HTC Aero has raised about $500 million from several investors, as the Chinese electric vehicle subsidiary Xpeng Inc. is looking to create a surprise in the vehicle industry, as it plans to produce a new model of vehicles that can fly in the air and walk on the roads.
According to Arab Net, Zhao Daily, founder and president of HT Aero, said in a statement that the company's new generation of models will be a vehicle for flying and walking on the roads at the same time. Designed for low-altitude air travel and road driving.
The company plans to officially start manufacturing the new vehicle in 2024, but he did not specify a timetable for the commercial launch of the vehicle.
The latest financing was led by major venture capital firms IDG Capital, 5Y capital and Xpen alongside Sequoia China and Eastern Bell Capital, GGV Capital, GL Ventures, and Yunfeng Capital.
Flying vehicles are attracting the interest of many car companies in the world. Korea's Hyundai, Germany's start-up Lilium and China's Ehang are developing flying vehicles to carry passengers.
Last July, HT Aero launched a prototype of its first passenger-carrying flying vehicle.
There are about 250 companies around the world that are building electric aerial vehicles, and they are working on how to create the infrastructure to make this technology available worldwide.< /p>
The main problem was the battery of those flying vehicles, and finally, a quality of high-capacity batteries at reasonable prices was reached that would enable companies to start their work in the market, according to McKinsey.
