- eVTOL startup raises over 100 million yuan in two new rounds led by Shenzhen Capital Group
- Five financing rounds in six months underscore investor appetite for China’s air mobility sector
Chinese electric vertical takeoff and landing (eVTOL) startup Blue Vector (蓝色向量) has raised more than 100 million yuan ($14.7 million) across two consecutive tranches of funding, led by Shenzhen Capital Group and an industry-focused US dollar fund.
These deals extended a fundraising streak that has seen the Hangzhou-bases startup’s valuation roughly double over the past several months.
Existing shareholders Houxue Capital, Highlight Capital and Jinding Capital increased their stakes, alongside early-stage venture fund Shanghai Angel Group.
Renewed investor enthusiasm
The latest investment brings Blue Vector’s total fundraising over the past six months to more than 400 million yuan across five financing rounds, highlighting renewed investor enthusiasm for China’s fast-growing advanced air mobility sector.
Unlike many recently established eVTOL startups still validating their technologies, Blue Vector is led by veterans from China’s aviation industry.
Founder Wu Qiong (吴穹) has more than 25 years of aerospace experience and previously led development of core systems for the COMAC C919 passenger jet.
Co-founder Zhang Xu (张栩) has spent more than two decades working on aerospace programs.
New partner onboard
The company recently appointed Cai Chuanjun (蔡传军) as chief scientist. A former chief designer at Harbin Aircraft Industry Group, Cai led development of several major Chinese aircraft programs, including the CAIC Z-19 and Harbin AC312E.
Blue Vector said its engineering team averages more than 16 years of aerospace experience, a key advantage in an industry where certification and safety remain the highest barriers to commercialization.
Its flagship product, the Skyla V30, is a six-seat, two-ton eVTOL aircraft designed as an “air taxi” meant for regional passenger transport across cities separated by mountains, rivers and other geographical barriers.
‘Software-defined aircraft’
Alongside the aircraft, the company has introduced an open intelligent integration platform based on a “software-defined aircraft” architecture, combining avionics, flight control systems and intelligent software into a unified platform for low-altitude passenger aircraft.
Blue Vector’s technical pathway has earned it the nickname of “low-altitude Tesla.”
Development has progressed rapidly. A scaled Skyla V30 completed its maiden flight at the end of 2025, followed by a successful full-mode tilt-transition flight test in January 2026.
Assembly of the full-scale technology demonstrator began in May, with a maiden flight scheduled before the end of this year.
China’s eVTOL sector takes off
The fundraising comes amid accelerating investment across China’s eVTOL industry.
Over the past month alone, Shanghai-based Volant Aerotech (沃兰特) completed two financing rounds totaling more than 5 billion yuan. Another major player ZeroG (零重力飞机工业) secured nearly 500 million yuan in mid-June from state-backed investors in Hefei.
As capital increasingly flows toward companies with engineering execution rather than concept-stage technologies, obtaining airworthiness certification and achieving commercial deployment are emerging as the sector’s next defining milestones.
