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XPeng-backed Aridge secures $200m for flying car push
Aridge, a flying-car developer backed by Chinese EV maker XPeng, said in a statement it had raised nearly US$200 million as it prepared for a potential Hong Kong IPO in 2026.
Existing investors including GL Ventures and HongShan participated in the round, the company said.
Aridge said the fundraising brought its total equity financing to about US$1 billion.
The South China Morning Post reported in January that Aridge, formerly known as AeroHT, had confidentially filed for an IPO in Hong Kong and appointed JPMorgan Chase and Morgan Stanley as underwriters.
The company said the fresh capital would support manufacturing of its Land Aircraft Carrier vehicle and efforts to scale production ahead of commercial deliveries.
🔗 Source: South China Morning Post
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Implications, context, and why it matters.
This funding round supports a production push already in motion
- The capital backs Aridge’s Land Aircraft Carrier, a modular setup where a two-seater flying unit detaches from a ground vehicle for flight 1.
- Aridge said the money will fund manufacturing of the Land Aircraft Carrier plus work to raise output before commercial deliveries begin 2.
- Aridge is running trial production and test flights at its 120,000-square-meter factory in Guangzhou’s Huangpu district. The company says the site can produce one aircraft every 30 minutes at full capacity 3.
- The vehicle costs no more than 2 million yuan, about $290,000. Aridge aims it at high-end consumers, with deliveries targeted for 2026 1.
China is using its EV playbook to build a new aviation industry
- Aridge’s timeline fits China’s push for a “low-altitude economy,” treated as a national strategic priority. A Civil Aviation Administration of China (CAAC) estimate appears in a third-party industry write-up 4.
- Aridge says its plant is the world’s first to use a modern assembly line for mass production of flying cars, with output of one aircraft every 30 minutes at full capacity. The company draws on XPeng manufacturing experience to scale faster than traditional aviation programs 3.
- Aridge signed partnership deals focused on operating support, including takeoff and landing sites plus related services, under a strategic cooperation agreement with Shenzhen East General Aviation Co., Ltd. (HELI-EASTERN), a Chinese general aviation services company 5.
- Some observers argue China’s regulatory pace could beat Western certification timelines, which they cite as one reason China could move ahead in complex hardware beyond electric cars 4.
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