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Volant Aerotech has set a new record for the largest single fundraising effort in China’s commercial passenger electric vertical take-off and landing (eVTOL) aircraft industry. The company secured $300 million in a Series C funding round led by an investment firm from the Middle East, Stone Venture. The funding round also saw participation from HongShan Capital Group, Fortera Capital, and existing investors such as Future Capital and Legend Capital.
The funds will be used to accelerate the certification process and ramp up production of Volant’s first commercial eVTOL aircraft. Additionally, the company aims to quicken its research and development of advanced technologies for future models.
Having completed 12 rounds of financing, the company has raised over 4 billion yuan (approximately $586 million), positioning it as one of the leading investors in China’s low-altitude transportation sector. The strategic involvement of a Middle Eastern investor marks a significant step in expanding its international footprint. Fortera Capital, a state-owned fund operated by Shanghai’s municipal government, will also provide guidance on policies, industrial ecosystem, and resource support.
Founded in 2021, the company’s flagship aircraft, the VE25-100, can carry six passengers, reach speeds of up to 235 km/h, and has a cruising range of 200 to 400 km. The aircraft has successfully undergone several test flights and anticipates receiving its airworthiness certification next year.
There are already over 1,900 preorders for the VE25-100, totaling more than 47.5 billion yuan (around $7 billion). More than 500 of these orders are from international clients, including Thai property developer Pan Pacific, Dubai-based aviation group International Corporate Group, and German aviation service provider DC Aviation.
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