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Volant Aerotech receives new round of funding to support VE25 eVTOL development

Multiple press sources report Shanghai-based startup Volant Aerotech in May 2024 completed a further 100 million yuan (USD14 million) funding round to continue development of its VE25-100 electric vertical-takeoff-and-landing (eVTOL) air taxi.

The round was led by QF Capital and included funding from Nanshan Zhanxin Investment, Dunhong Assets and Micro Light Venture Capital. The investment will be used to finance VE25 X1 development.

In November 2023, Volant and Zigong Municipal People’s Government signed a strategic partnership to jointly build an eVTOL manufacturing base in the city.

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