China’s first ultralight aircraft insurance policy targets safety gap
The deal marks the first time domestic insurers have offered an integrated insurance package tailored to the sector.
Tag: Low-altitude economy
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FlashEx expands into airborne logistics after Hangzhou equity deal
For FlashEx, the investment signals a shift from traditional ground-based courier operations toward a hybrid “ground-plus-air” delivery network built on its existing instant-delivery infrastructure.
Shaoxing weather radar maker Whole Sense heads to STAR Market review
Founded in 2014, the company was among the first domestic firms to receive a phased-array weather radar operating license from the China Meteorological Administration.
Shaoxing breaks ground on low-altitude economy R&D hub
The sector aims to reach an annual output of 8 billion yuan by 2027, with 30 takeoff and landing sites, 40 drone routes, and low-altitude flight hours climbing from 5,000 to 75,000 annually.
Blue Vector raises fresh funds to advance software-defined eVTOL ambitions
Its approach centers on a “software-defined aircraft” concept, drawing parallels with Tesla’s transformation of the automotive industry through software-centric design.