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- HT Aero
HT Aero Valuation, Funding & Investors
HT Aero is valued at $1B as of July 2025.
Last HT Aero valuation
$1B
Series B · Jul 2025
Last HT Aero funding round
$200M
Undisclosed stage · Mar 2026
Cumulative funding HT Aero raised
$950M
across 4 funding rounds
Key investors in HT Aero
HSG
GL Ventures LLC
IDG Capital
Shenzhen Capital Group
Notable Capital
Gaorong Capital
About HT Aero
HT Aero is a developer of electric vertical takeoff and landing vehicles for urban air mobility. A subsidiary of EHang Holdings, the Shenzhen-based company unveiled the EH216-S pilotless passenger-carrying drone in 2021, capable of carrying two passengers at speeds up to 130 km/h for 30 minutes. It collaborates with aviation authorities in China and abroad for certification, conducting test flights in Guangzhou and partnerships with urban developers for vertiport infrastructure to enable commercial air taxi services.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$1B (Jul 2025)
HT Aero Valuation
HT Aero is currently valued at $1B, based on its Series B in July 2025.
HT Aero's valuation has moved from $1B at its Series A in October 2021 to $1B in July 2025, across 2 priced rounds.
HT Aero valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2025 | Series B | $1B |
| Oct 2021 | Series A | $1B |
HT Aero Funding History
HT Aero has raised a total of $950M across 4 funding rounds.
HT Aero's first fundraising round was a $500M Series A in October 2021. The most recent completed round was a $200M undisclosed-stage round in March 2026.
HT Aero funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2026 | Undisclosed stage | GL Ventures LLC; Gaorong Capital; Shenzhen Capital Group; HSG | $200M | - | - |
| Jul 2025 | Series B | - | $100M | $1B | HT Aero (also known as XPeng AeroHT or Huitian Aerospace) is a Guangzhou-based flying car startup affiliated with Chinese EV maker XPeng, focused on developing electric vertical takeoff and landing (eVTOL) vehicles, modular flying cars like the Land Aircraft Carrier, and hybrid air-road vehicles for low-altitude urban air mobility. The company unveiled prototypes such as the Voyager X2 drone in 2021 and plans mass production of its Land Aircraft Carrier by 2026 at a target price under RMB 2 million (about $280,000), with several hundred pre-orders reported. Its Guangzhou manufacturing facility is on track for Q4 2024 completion to support commercialization. The approximate July 15, 2025, date aligns with the closing of XPeng AeroHT's Series B2 tranche, raising $100 million, completing a $250 million Series B (after $150 million Series B1 in August 2024). This follows a $500 million Series A in October 2021 led by XPeng Motors, IDG Capital, 5Y Capital, Sequoia China, and others, which valued the company above $1 billion pre-money with total equity financing reaching about $900 million to $1 billion post-Series B. Investors in recent rounds include GL Ventures, Sequoia China, Gaorong Capital, Fortune Capital, and Hillhouse Capital. Funds support R&D, production ramp-up, and ecosystem integration for flying and driving technologies; a $173.3 million loan occurred in April 2025 from Chinese banks. Traction includes pre-order contracts and IPO preparations, with CFO Du Chao (ex-Deutsche Bank) appointed in June/July 2025 for potential Hong Kong or U.S. listing by early 2026. It leads Asia's manned low-altitude flight sector in funding, amid a global urban air mobility market estimated at $1 trillion by Morgan Stanley. |
| Aug 2024 | Series B | Guangzhou Finance Holdings; Guangzhou Development Zone Holdings Group Co.; Guangzhou Development Zone Investment Group | $150M | - | - |
| Oct 2021 | Series A | 5Y Capital (lead); IDG Capital (lead); XPENG (lead); YF Capital; GL Ventures LLC; HSG; Eastern Bell Capital; Notable Capital | $500M | $1B | HT Aero, formerly Xpeng Heitech and an affiliate of Chinese EV maker Xpeng Motors, develops electric vertical takeoff and landing (eVTOL) aircraft and flying cars for urban air mobility, focusing on individual consumer solutions rather than air taxi services. The company, founded in 2013, has conducted over 15,000 crewed test flights and unveiled prototypes like the Voyager X2 (two-seater with 35-minute flight time and 130 km/h max speed) and the X1, a car-sized fourth-generation model for vertical takeoff in parking spaces. On October 19, 2021, HT Aero closed a Series A funding round exceeding $500 million, the largest single round for a low-altitude manned vehicle company in Asia to date. Led by 5Y Capital, IDG Capital, and Xpeng Motors, participants included Sequoia China (noted in some sources), Eastern Bell Capital, GL Ventures (GGV Capital), Yunfeng Capital (YF Capital), and Notable Capital (possibly aligned with listed investors). The pre-investment valuation exceeded $1 billion, with some reports stating valuation rose above or at more than $1 billion; post-money not specified. Proceeds will fund R&D for next-generation flying cars integrating road and air travel (launch planned for 2024), talent acquisition, manufacturing expansion, and airworthiness certification. Xpeng's involvement leverages its autonomous driving, supply chain, and manufacturing expertise to build an integrated driving-flying ecosystem. HT Aero's president Zhao Deli emphasized accelerating technical capabilities amid capital market optimism for flying cars. The sector faces challenges like autonomy, infrastructure, and regulation, with market estimates varying (Morgan Stanley: global urban aircraft $1-1.5 trillion). Competitors include Joby Aviation, Lilium, EHang, and Volocopter. |
Who has invested in HT Aero?
13 investors have backed HT Aero across its funding rounds, including HSG, GL Ventures LLC, IDG Capital, Shenzhen Capital Group, Notable Capital and Gaorong Capital.
Lead investors include 5Y Capital, IDG Capital and XPENG.
HT Aero Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Oct 2021 | ||
| 2 | Participant | Oct 2021 | ||
| 1 | Participant | Aug 2024 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Lead | Oct 2021 | ||
| 1 | Lead | Oct 2021 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Participant | Aug 2024 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Lead | Oct 2021 | ||
| 1 | Participant | Aug 2024 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialHT Aero Competitors
HT Aero competitors include listed companies like Eve Air Mobility, Ehang, Archer Aviation and Joby Aviation, and private ones like Airborne Motorworks and Nyobolt.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | - | ($212M) | $718M | - | ||
| Publicly listed | $62M | ($44M) | $350M | 4.3x | ||
| Publicly listed | $300K | ($651M) | $4.2B | 251.0x | ||
| Private | - | - | $187M | - | ||
| Publicly listed | $53M | ($932M) | $6.2B | 45.5x | ||
| Private | $9M | - | $1B | - |
HT Aero Public Comps
HT Aero is still privately-owned, but its public comps include Voyah, Uniconn, ADS-TEC Energy, T1 Energy, Eve Air Mobility, Polestar, Kempower, Lotus Technology, Amprius and Phoenix Bicycle.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $5.2B | $562M | 0.1x | 0.1x | 0.7x | 1.3x | |||
| $768M | $73M | 1.3x | 1.1x | 13.9x | - | |||
| $36M | ($3M) | 23.2x | 26.7x | (278.0x) | - | |||
| $755M | ($210M) | 2.7x | 2.2x | (9.7x) | 52.8x | |||
| - | ($212M) | - | - | (3.0x) | (2.8x) | |||
| $3.1B | ($1.9B) | 2.2x | 2.1x | (3.4x) | (7.9x) | |||
| $289M | $690K | 2.2x | 1.9x | 917.9x | 59.5x | |||
| $519M | ($360M) | 4.5x | 4.0x | (6.5x) | (7.9x) | |||
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Common questions about HT Aero
| When was HT Aero founded? | HT Aero was founded in 2013. |
| Where is HT Aero headquartered? | HT Aero is headquartered in Guangzhou, China. |
| Is HT Aero publicly listed? | No, HT Aero is a private, VC-backed company. |
| What is HT Aero's valuation? | HT Aero was last valued at $1B in its Series B in July 2025. |
| How much funding has HT Aero raised? | HT Aero has raised $950M across 4 funding rounds. |
| What was HT Aero's last funding round? | HT Aero's last funding round was a $200M undisclosed-stage round in March 2026. |
| Who are HT Aero's investors? | HT Aero's investors include GL Ventures LLC, HSG, Guangzhou Finance Holdings, YF Capital, XPENG, IDG Capital, Gaorong Capital, Guangzhou Development Zone Holdings Group Co., Shenzhen Capital Group, 5Y Capital and 3 others. |
| Which companies are comparable to HT Aero? | Companies comparable to HT Aero include Eve Air Mobility, Ehang, Archer Aviation, Airborne Motorworks, Joby Aviation and Nyobolt. |
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