XPeng AeroHT has successfully completed its $150 million Series B1 funding round and has initiated its Series B2 funding round. The company is preparing to construct the world's first modern assembly line for large-scale production of flying cars in Guangzhou Development District, which will first be used for the production of the air module of its modular flying car, the Land Aircraft Carrier.

Founder Zhao Deli says that XPeng AeroHT's financial reserves are strong, and this funding round will ensure the successful development, mass production and commercialisation of its flying cars. The Land Aircraft Carrier consists of a ground module and an air module that can autonomously separate and combine. The ground module can house the air module and drive on the road. The air module, the first manned eVTOL aircraft developed for users in China, features a distributed electric propulsion system, meeting single-point failure safety standards. It offers manual and autonomous driving modes and has a 270° panoramic dual-seat cockpit. The ground module seats four to five passengers, and is equipped with a range-extended electric drive system to recharge the air module multiple times. The vehicle has a three-axle, six-wheel design for all-wheel drive and rear-wheel steering, offering excellent load capacity and off-road capability. Pre-sales are expected to begin in the fourth quarter of this year in China.

Investor confidence in XPeng AeroHT highlights the company's technological strength and the promising future of flying cars. This year, a lot of places in China have introduced policies to support the low-altitude economy, creating an ideal environment for the deployment of flying cars. Since its founding, XPeng AeroHT has focused on developing safe, reliable and efficient flying car products for users, with full-stack in-house development of core technologies including propulsion, flight control and aerial autonomy. The company has developed the world's first ultra-low-altitude multi-parachute rescue system for flight safety. XPeng AeroHT's five previous generations of flying cars have completed nearly 20,000 flight tests, providing valuable data and experience for the Land Aircraft Carrier modular flying car.

XPeng AeroHT is also expanding its nationwide flight application network, with nearly 60 flying car camps signed so far, including general aviation airports, scenic spots, cultural and tourism towns, and urban suburbs, offering safe and compliant flying spaces.