- Companies
- High Domain Technology
High Domain Technology Funding, Investors & Competitors
High Domain Technology has raised $147M across 2 funding rounds, most recently a $119M Series A in September 2026.
Last High Domain Technology funding round
$119M
Series A · Sep 2026
Cumulative funding High Domain Technology raised
$147M
across 2 funding rounds
Key investors in High Domain Technology
Fosun RZ Capital
Guangzhou Industrial Investment Group
Guotai Junan Innovation Investment
Sharewin Investment
Houxue Capital
Guangzhou Automobile Group
Sichuan Development Guidance Fund
Chenxi Capital
High Domain Technology Overview
About High Domain Technology
High Domain Technology, which trades as GOVY, is a Guangzhou-based developer and manufacturer of electric vertical take-off and landing (eVTOL) aircraft incubated by automaker GAC Group. Its operating company, Guangdong Gaoyu Technology, was set up in December 2024, completed a mixed-ownership reform and began operating independently in early 2025, and is headquartered in Guangzhou's Huangpu district. The product line comprises the GOVY AirCab multirotor flying car for urban trips of up to about 30 km, the GOVY AirJet compound-wing aircraft for intercity routes of about 200 km, and the GOVY AirCar land-air vehicle, all designed for autonomous flight. The AirCab, priced at no more than CNY 1.68 million and aimed at sightseeing and short-distance mobility operators, rolled off the company's Huangpu plant in May 2026; the plant has a designed capacity of 100 aircraft a year, and the company reported more than 2,000 intention orders worth over CNY 3.3 billion. It holds AS9100D aerospace quality certification and targets airworthiness certification and volume deliveries from late 2026, with demonstration operations in the Greater Bay Area planned for 2027. In September 2026 it completed a CNY 800 million Series A round to fund certification, production and team growth.
Founded
2024
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Sectors
High Domain Technology Funding History
High Domain Technology has raised a total of $147M across 2 funding rounds.
High Domain Technology's first fundraising round was a $28M seed round in November 2025. The most recent completed round was a $119M Series A in September 2026.
High Domain Technology funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Sep 2026 | Series A | Guangzhou Science City Venture Capital; Sichuan Development Guidance Fund; Yinzhou Financial Holding; Lanxi Capital; Chenxi Capital; Guotai Junan Innovation Investment; Fosun RZ Capital; Houxue Capital; Sharewin Investment; Guangzhou Industrial Investment Group | $119M | High Domain Technology (, branded GOVY), the eVTOL developer incubated by Guangzhou Automobile Group (GAC), completed a CNY 800 million Series A round in September 2026. Investors included Sichuan Development Guidance Fund, Sharewin Investment, Lanxi Juxin Holdings, Guotai Junan Innovation Investment, Fosun RZ Capital, Yinzhou Financial Holding, Guangzhou Science City Venture Capital, Guangzhou Industrial Investment Fund, Houxue Capital and Chenxi Capital. The proceeds will fund airworthiness certification, the production line and team expansion. Registry changes completed on 17 September 2026 added 12 new shareholders and lifted registered capital from CNY 230 million to about CNY 353 million; a Chenxi vehicle backed by a Taizhou state-owned investor became the largest shareholder with 23.08%, diluting GAC from 34.73% to 22.65%. The round followed a Pre-A financing of about CNY 500 million in 2025. The company was founded in December 2024, became independently operated after a mixed-ownership reform in early 2025 and is headquartered in Huangpu, Guangzhou. It develops electric vertical take-off and landing aircraft, namely the multirotor GOVY AirCab, the compound-wing AirJet and the AirCar land-air vehicle, all with L4 autonomous flight. By May 2026 the AirCab had more than 2,000 intention orders worth over CNY 3.3 billion, and the Huangpu plant, with capacity of 100 aircraft a year, targets certification and volume deliveries by the end of 2026. |
| Nov 2025 | Seed | Guangzhou Automobile Group (lead) | $28M | - |
Who has invested in High Domain Technology?
11 investors have backed High Domain Technology across its funding rounds, including Fosun RZ Capital, Guangzhou Industrial Investment Group, Guotai Junan Innovation Investment, Sharewin Investment, Houxue Capital and Guangzhou Automobile Group.
Lead investors include Guangzhou Automobile Group.
High Domain Technology Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Nov 2025 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Sep 2026 | ||
This data is available for Pro users. Sign up to see all 11 High Domain Technology investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialHigh Domain Technology Competitors
High Domain Technology competitors include listed companies like Joby Aviation, AeroVironment, Nanchang Sanrui and Archer Aviation, and private ones like HT Aero and Glydways.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $53M | ($932M) | $6B | 36.8x | ||
| Publicly listed | $2B | ($35M) | $5.7B | 2.9x | ||
| Publicly listed | $161M | $76M | $4.9B | - | ||
| Publicly listed | $300K | ($651M) | $3.4B | 154.1x | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $700M | - |
High Domain Technology Public Comps
High Domain Technology is still privately-owned, but its public comps include BETA Technologies, Joby Aviation, AeroVironment, Nanchang Sanrui, Archer Aviation, Eve Air Mobility, Ehang, Primoco UAV, Surf Air and Vertical Aerospace.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $36M | ($730M) | 147.3x | 102.2x | (7.2x) | (13.1x) | |||
| $53M | ($932M) | 85.7x | 36.8x | (4.9x) | (6.0x) | |||
| $2B | ($35M) | 3.0x | 2.9x | (171.6x) | 19.8x | |||
| $161M | $76M | 28.7x | - | 60.7x | - | |||
| $300K | ($651M) | 6690.7x | 154.1x | (3.1x) | (2.9x) | |||
| - | ($212M) | - | - | (2.9x) | (2.7x) | |||
| $63M | ($45M) | 4.0x | 3.9x | (5.7x) | (7.0x) | |||
| $18M | $7M | 7.3x | 3.4x | 20.1x | 8.5x | |||
This data is available for Pro users. Sign up to see all High Domain Technology competitors and their valuation data. Start Free Trial | ||||||||
Common questions about High Domain Technology
| When was High Domain Technology founded? | High Domain Technology was founded in 2024. |
| Where is High Domain Technology headquartered? | High Domain Technology is headquartered in Guangzhou, China. |
| Is High Domain Technology publicly listed? | No, High Domain Technology is a private, VC-backed company. |
| How much funding has High Domain Technology raised? | High Domain Technology has raised $147M across 2 funding rounds. |
| What was High Domain Technology's last funding round? | High Domain Technology's last funding round was a $119M Series A in September 2026. |
| Who are High Domain Technology's investors? | High Domain Technology's investors include Guangzhou Automobile Group, Guangzhou Science City Venture Capital, Sichuan Development Guidance Fund, Yinzhou Financial Holding, Lanxi Capital, Chenxi Capital, Guotai Junan Innovation Investment, Fosun RZ Capital, Houxue Capital, Sharewin Investment and 1 other. |
| Which companies are comparable to High Domain Technology? | Companies comparable to High Domain Technology include Joby Aviation, AeroVironment, Nanchang Sanrui, Archer Aviation, HT Aero and Glydways. |
See companies similar to High Domain Technology
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




