HT Aero has just raised more than 500 million US Dollars from outside investors. The company is backed by the Chinese electric vehicle maker Xpeng and is aiming on rolling out its flying vehicles in the year 2024.
The brand will be using the investment towards its research and development for the new model that will have the ability to operate both in the sky and on the ground. Zhao Deli, founder and president of HT Aero, stated that the brand’s next generation model will feature a “fully integrated flying vehicle and automobile, designed for both low altitude air travel and road driving.”
Zhao further added that HT Aero is planning for a launch of the new vehicles in 2024. Although, the senior official has yet to reveal any official date or timeline for this launch. For those unaware, the company is an affiliate brand of Xpeng, which is an electric vehicle based start up from China. Furthermore, Xpeng’s founded He Xiaopeng as well as the automobile company itself are also investors in HT Aero.
Flying cars, also known as electric vertical take off and landing vehicles (eVTOL), have recently garnering a lot of attention in the automobile industry. Other automotive brands like Hyundai, Lilium, and others are also working on developing their own flying passenger vehicles. Back in July, HT Aero launched the X2, which was its second flying car prototype that was capable of carrying passengers.
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