The airborne-and-ground vehicle developer is raising the cash through a series A round co-led by its affiliate, electric carmaker XPeng.
China-headquartered electric vehicle (EV) producer XPeng agreed yesterday to co-lead a series A round for its air taxi developer affiliate, HT Aero, set to be sized at over $500m.
The round is being co-led by venture capital firms IDG Capital and 5Y Capital and also features Sequoia China, Eastern Bell Capital, GGV Capital, GL Ventures and Yunfeng Capital.
Also known as Huitian, HT Aero is working on an electric-powered vertical take-off and landing vehicle designed for use by individuals and…
