VOLANT has successfully closed a Series C financing round totaling more than $300 million to advance the development and delivery of its passenger eVTOL aircraft.
This capital injection represents the largest single financing event recorded to date within China’s commercial passenger eVTOL sector. The funding round was led by Stone, a firm based in the UAE, with additional participation from HSG, Fortera Capital, Future Capital, and Legend Capital. CYGNUS Equity acted as the exclusive financial advisor for the transaction.
The primary objective for this new capital is to support the airworthiness certification process and the initial delivery of the VE25-100, which serves as the flagship model for the developer. Specifically, the company intends to use the funds to accelerate its flight testing programs and strengthen its supply chain management as it transitions toward substantive commercial operations.
Technically, the VE25-100 has already achieved several critical milestones, including the completion of high-risk flight tests and the industry’s first piloted test flight. These developments have contributed to a significant backlog, with the company securing nearly 1,900 orders from various clients, including Asian Express Aviation and China Southern General Aviation.
“We remain focused on the commercial passenger eVTOL sector,” the company stated. “Aiming to achieve breakthroughs in key technologies and represent China in the global competition of the second century of aviation.”
