
What’s new: Shanghai Volant Aerotech Co. Ltd., an electric vertical takeoff and landing aircraft (eVTOL) startup, said it has completed a new funding round to raise nearly 100 million yuan ($13.8 million) as investors bet on the fast-developing sector.
The fundraising was backed by Shanghai Huaqiang Investment Co. Ltd. and Jadex Capital. Volant didn’t disclose its valuation.