What Happened
Chinese eVTOL Manufacturer Closes Strategic Financing Round
Qifei Aviation Technology, a Chinese eVTOL original equipment manufacturer, has received type certificate acceptance for its manned model W280 and completed a strategic financing round of nearly 100 million yuan. The funds will be used for product R&D, test flight, and airworthiness certification. Qifei Aviation’s W280 is a full-size eVTOL with a compound wing configuration and pure electric drive, designed for high-payload urban air mobility. The company aims to commercialize its eVTOL technology by 2028. This development was first reported by 36Kr.