Yiweite Aviation received hundreds of millions of yuan in Series A financing

Yiweite Aviation, a developer and manufacturer of electric vertical take-off and landing (eVTOL) aircraft, recently completed a multi-hundred-million-yuan Series A financing round led by Jinpu Investment, with participation from Jinggong Technology, Yingbo Electric, Shengjing Jiacheng, and Ralph Ventures. The company also received additional investment from existing shareholder Bangsheng Capital, with Deep Blue Capital serving as exclusive financial advisor. The funds will be primarily used for the development and airworthiness certification of its flagship aircraft, the mass production of its electric propulsion system (EPS), and commercialization of its commercial applications.