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Xpeng Aeroht raises US$150 million for production of flying cars
Published on: Tuesday, August 06, 2024
By:
Bloomberg, FMT
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According to Xpeng Aeroht, pre-sales of the Land Aircraft Carrier are set to commence in the final quarter of 2024 in China. (Xpeng Aeroht pic)
In a statement Monday, the company said it has also started the next round of funding as it prepares to build manufacturing facilities in the Chinese city.
Xpeng Aeroht’s so-called Land Aircraft Carrier consists of a ground vehicle that houses a small electric aircraft.
According to Xpeng, the chunky, six-wheeled off-roader can carry four or five passengers.
It releases a separate two-seat airborne module, which takes off and lands vertically like a helicopter. The ground vehicle also recharges the aircraft.
Pre-sales of the Land Aircraft Carrier are due to start in the final quarter of 2024 in China, according to the statement.
Xpeng Aeroht was founded in 2013 and is part owned by Xpeng and its chairman and CEO He Xiaopeng.
