eVTOL Startup AutoFlight Secures $100 Million in Series A Funding to Expand Globally

By Adriaan Brits Monday, November 22, 2021

Next-generation startup company AutoFlight announced today that it raised $100 million in a Series A business funding round led by tech investor Lukasz Gadowski and his company, Team Global.

Air taxi preparing to take off.

Focus on Preserving Resources and Nature

The startup company is working on the latest electric vertical take-off and landing (eVTOL) technology. These safe, affordable, and comfortable eVTOL units are based on the “life-and-cruise configuration,” which is characterized by a longer range and high safety marks.

AutoFlight is one of the Chinese tech startup companies that is in the advanced stages of the design and manufacture of eVTOL units, as well as autonomous unmanned aerial vehicles (UAVs).

To date, the startup company has recorded more than 10,000 takeoff and landing times and has performed test flights in various types of extreme conditions. Its productive capacity at the plant in Dingfeng is 66,000 square meters, which enables the startup company to vertically integrate the manufacturing of its vehicles at a lower cost compared to their rivals.

AutoFlight intends to use the fresh business funding to fuel its international expansion and scale production. As a result of the new funding, Gadowski will be joining the startup’s board of directors.

Founded in 2018, the Shanghai-based startup company designs and manufacturers self-driving aerial vehicles fueled by artificial intelligence (AI), autonomous driving, and 5G. AutoFlight strives to develop reliable aerial logistics systems and redesign the future of urban air mobility.

The eVTOL startup company has recently completed a flight test of its flagship V1500M model and plans to take on a few more flight tests in the future. AutoFlight hopes to enter mass production and receive a certification for its vehicle by 2024.

"AutoFlight is pleased to welcome Lukasz Gadowski as the newest member of our board," said Tian Yu, founder, chairman, and CEO of AutoFlight.

"His knowledge and experience will help us to expand our R&D endeavors and to grow our operations globally. We are determined to unlock the skies for mass individual transport through the air. Just in the past month, our autonomous passenger eVTOL aircraft, the V1500M, successfully accomplished its maiden flight. We continue to push hard in accelerating our testing and certification work,” he added.

Gadowski believes that the world does not need to build more roads and instead needs to focus on preserving our planet’s resources and nature. This could be achieved through investments in autonomous air mobility, an emerging industry with outstanding growth potential. He is “convinced that AutoFlight will be one of the big players" in this business industry.

Through its Team Global business, Gadowski has invested in a number of aviation startup companies around the globe, such as air taxi companies, drone manufacturers, and more. These include European air mobility startup Volocopter, US-based Archer, and now Asian AutoFlight.

Nicolas Sauvage, President of TDK Ventures, described AutoFlight’s achievements as exceptional. Sauvage added that his investment business is honored to be a part of its journey.

Summary

AutoFlight, a China-based air mobility startup that works on the next generation of eVTOL aircraft, secured $100 million in a Series A business funding round led by tech investor Lukasz Gadowski. The startup company plans to use the new funding to drive international expansion and scale production.


About the Author

Headshot of Adriaan Brits

An analyst of global affairs, Adriaan has an MSC from Oxford, with diverse interests in the digital economy, entertainment, and business. He is a specialist trainer in advanced analytics and media.

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