appConfigEntityId

bodyType

customContents

entityId

entityUuid

isVideo

articlePageQuery

article

articleSchemaContent

content

hooksArticlePageAdvertisementConfigArticle

hooksArticlePageFloatingButtonConfigArticle

appConfig

filter

json

liveArticle

Coco Feng

Aridge, the flying-car developer backed by Chinese electric vehicle maker Xpeng, has raised nearly US$200 million in fresh funding as it prepares for a potential initial public offering (IPO) in Hong Kong this year.
Existing investors including GL Ventures, the venture capital arm of Hillhouse Investment, and HongShan – formerly Sequoia China – participated in the latest round, according to a statement released on Friday.
The fundraising brings Aridge’s total equity financing to about US$1 billion, making it the largest funding pool for a flying car developer in Asia.
The capital injection comes as the company accelerates plans for both commercialisation and a public listing.
Aridge – formerly known as AeroHT – had confidentially filed for an IPO with the Hong Kong stock exchange, appointing JPMorgan Chase and Morgan Stanley as underwriters, the South China Morning Post reported in January, citing two sources familiar with the matter. The IPO was expected to take place as soon as this year, the report said.
At the same time, the company is ramping up production capacity.
In September, Aridge completed a 120,000-square-metre manufacturing facility in Guangzhou, Guangdong province, which it said would support the large-scale production of its first model – the Land Aircraft Carrier, a six-wheeled vehicle equipped with a detachable passenger drone.

The company had already received more than 7,000 orders for the model, which was expected to begin deliveries this year, according to Chinese media outlet Shanghai Securities News. Aridge previously said it aimed to price the vehicle below 2 million yuan (US$286,640).
Aridge is also developing the A868, a flying vehicle designed to travel more than 500 km, reach speeds above 360km/h (220mph) and remain airborne for more than two hours. A prototype completed its maiden flight in November, though the company has not disclosed a timeline for commercial production.
The progress comes as Beijing doubles down on the development of the so-called low-altitude economy, which includes drones, flying taxis and other aerial mobility technologies.
In China’s 15th five-year plan, approved by the National People’s Congress (NPC) this week, policymakers pledged to “promote the healthy and orderly development of the low-altitude economy” and “actively expand low-altitude consumption”.
Xpeng co-founder and CEO He Xiaopeng, who is also a deputy to the NPC, has called for clearer tax classifications for flying cars as well as phased tax incentives and policy support to reduce research and production costs and stimulate consumer demand.


Despite stock stress, CATL likely to retain EV battery dominance in China, analysts say

Tesla auditing Chinese suppliers ahead of Optimus roll-out: sources

China’s ‘Tesla imitators’ have a new mission: build affordable humanoid robots for consumers

EV maker Xpeng set to challenge Tesla in embodied AI after robotics unit raises US$900m

Xpeng

Flying car dreams gain altitude as Xpeng affiliate Aridge raises US$200 million

The Aridge X3-F – the air module for the Land Aircraft Carrier – hovers during its presentation in Dubai in October, 2025. Photo: AFP 

The Xpeng X2 flying car showcased at the Gaikindo Indonesia International Auto Show in Tangerang, Banten, Indonesia, in 2025. Photo: Shutterstock 

Xpeng’s flying car unit readies Hong Kong IPO for take-off

The X2 flying car designed by Xpeng affiliate Aridge is seen at an auto show in Tangerang, Banten, Indonesia, on July 26, 2025. Photo: Shutterstock

China’s flying car makers target deliveries this year as passenger flights near reality

An eVTOL vehicle from AutoFlight Group is designed to hover like a helicopter but transition to winged flight for horizontal movement. Photo: Handout

Visitors try out the Govy AirCar, an autonomous one-passenger eVTOL aircraft and roadable prototype vehicle by Guangzhou Automobile Group. Photo: AP 

Tech

News

China Future Tech

Aerospace

Fresh capital comes as the company ramps up manufacturing of its Land Aircraft Carrier vehicle and pushes towards commercial deliveries.


Flying car dreams gain altitude as Xpeng affiliate Aridge raises US$200 million

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Fresh capital comes as the company ramps up manufacturing of its Land Aircraft Carrier vehicle and pushes towards commercial deliveries.

Fresh capital comes as the company ramps up manufacturing of its Land Aircraft Carrier vehicle and pushes towards commercial deliveries.