HT Aero reveals flying supercar plans, to launch in 2024…

Chinese firm HT Aero has unveiled what a ‘flying car’ which, it claims is planned for roll-out in 2024.

The Guangzhou, China,-based urban air mobility company backed by Chinese electric vehicle manufacturer XPeng, has secured US$500 million to advance its goal of developing a true flying car by 2024.

The vehicle, with a pair of huge, auto-folding props in the style of the Bell-Boeing V-22 Osprey, is from Chinese electric car company XPeng

The seven-year-old XPeng firm is growing fast, and investing heavily in autonomy and charging infrastructure while rolling out cars including the P7, which boasts greater range than Tesla’s Model 3, at a lower price.

It is also said to be getting serious about urban air mobility.

XPeng affiliate eVTOL company HT Aero raised $500m in a single funding round; a figure which, according to the AAM Reality Index, makes HT Aero the world’s fifth best-funded eVTOL company.

The Series A funding round was led by IDG Capital, 5Y Capital and XPeng, with contributors including Sequoia China, Eastern Bell Capital, GGV Capital, GL Ventures, and Yunfeng Capital. 

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