Autoflight is a technology company.
Autoflight has raised $100.0M across 1 funding round.
Autoflight has raised $100.0M in total across 1 funding round.
Autoflight has raised $100.0M in total across 1 funding round.
Autoflight's investors include Team Global, TechAviv Founder Partners, Eran Barkat, Joey Low.
AutoFlight is a global high-tech startup founded in 2019 (with roots tracing to 2016) that develops and manufactures electric vertical take-off and landing (eVTOL) aircraft for urban air mobility, logistics, and passenger transport.[1][2][3] The company builds products like the Prosperity I (passenger eVTOL for urban air taxis) and CarryAll (cargo eVTOL with 500 kg payload and 3 cubic meter cabin), serving logistics operators, urban commuters, and industries needing efficient aerial transport while solving challenges in sustainable, safe, and scalable air mobility amid traffic congestion and emissions.[1][4] Backed by investors like CATL, TDK Ventures, and Team Global, AutoFlight has raised over $100M, operates facilities in China, Germany, and the US, and demonstrates strong growth through milestones like world's first 2-ton eVTOL offshore operations and certified one-ton deliveries.[1][2][4][5]
AutoFlight emerged from the expertise of founder Tian Yu, who established the company in 2016 (formalized as Shanghai Autoflight in 2019) after leading Yuneec, a pioneer in consumer drones and early electric ultralights like the e-Spyder and E430.[3] Headquartered in Shanghai with R&D in Munich/Shenzhen, manufacturing in China, and US operations in Los Angeles/California, the idea stemmed from Yu's decades in airborne vehicles, evolving drone tech into eVTOL for advanced air mobility (AAM).[1][3][4] Early traction included leveraging AI, 5G, and advanced materials from drones; pivotal moments feature strategic investments like CATL's hundreds-of-millions partnership for eVTOL batteries in 2023 and TDK Ventures' backing for sensor-enhanced mobility.[2][5]
AutoFlight rides the eVTOL/urban air mobility (UAM) trend, transforming transport with electric, autonomous air taxis and logistics amid urbanization and decarbonization pressures.[1][2][4] Timing aligns with maturing battery tech (e.g., CATL/Gotion partnerships for high-density aviation cells) and regulatory progress toward AAM certification, fueled by market forces like China's aerial economy push and global sustainability mandates.[2][3] It influences the ecosystem by pioneering heavy-payload ops (e.g., 2-ton offshore), integrated sea-air solutions, and scalable manufacturing, accelerating adoption alongside rivals like EHang while lowering barriers via affordability and safety.[1][2][4]
AutoFlight is poised for commercialization with certified aircraft, expanding vertiport networks, and battery advancements driving longer-range, mass-scale UAM.[1][2][4] Trends like AI autonomy, 5G infrastructure, and climate regs will shape growth, potentially evolving its influence from logistics pioneer to dominant urban air taxi provider via global ops and investor scale.[3][5] As eVTOL unlocks skies for people and goods, AutoFlight redefines accessible aviation from its high-tech foundations.[1][4]
Autoflight has raised $100.0M across 1 funding round. Most recently, it raised $100.0M Series A in November 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2021 | $100.0M Series A | Team Global, TechAviv Founder Partners, Eran Barkat, Joey Low |