# Aerofugia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aerofugia

- Industry: Aerospace
- Headquarters: Chengdu, China
- Website: www.aerofugia.com
- Total disclosed funding: $158M
- Investors on record: 13

## About

Based in Chengdu, China and founded in 2016, Sichuan Wofei Changkong Technology Development Co,.Ltd, trading as Aerofugia, is an aerospace company that focuses on developing low-altitude transportation aircraft. The branches have been set up in Shanghai, Wuhan, Shenzhen, and overseas countries. In 2021, its TF-1 Taili flying car won the world's first FAA airworthiness certificate for flying cars and as of 2024, the company has acquired more than 150 patents. 

In February 2026, Aerofugia raised approximately CNY 1 billion in venture funding led by new investor China Capital Management, with participation from new investors New Alliance Capital, Vertex Ventures China, Guanghe VC and Panorama Capital and returning investors Panlin Capital, Yunsheng Capital, Casstar Capital and Green Pine Capital Partners, and other investors.

Aerofugia focuses on developing electric vertical take-off and landing aircrafts (eVTOL). The company's core product is AE200 series eVTOL which is an all-electric six-seat piloted eVTOL designed for urban air mobility with a maximum range of 200 km and a cruising speed of 230 km/h. The company products are suited for low-altitude applications including aerial tourism, urban commuting, and emergency response.

Aerofugia generates revenue by developing and selling intelligent low-altitude transportation aircraft products.

The company will use the proceeds raised from the funding round led by China Capital Management in February 2026 for the final airworthiness certification of the AE200 series eVTOL product, the commissioning of the global headquarters and manufacturing base, and the in-depth development of the low-altitude mobility business model, aiming to propel the product from technical validation to large-scale commercialization.

## Funding rounds

- Round, Oct 30, 2026, $144M — CITIC Securities, New Alliance Capital, Vertex Ventures China
- Series C, Nov 27, 2025 — Green Pine Capital Partners, Aramco Ventures, Hangshi Group
- Series B, Jun 27, 2024 — T-Capital, Casstar Capital, Advanced Manufacturing Investment, Shaanxi Kongtian Aoxiang Capital, Orinno Capital, Yunhang Private Equity
- Series A, Jun 30, 2023, $14M — Oriza Holdings, T-Capital, Shaanxi Kongtian Aoxiang Capital

## Investors

- Oriza Holdings (https://capitalatlas.ai/funds/oriza-holdings) — Series A
- T-Capital — Series A, Series B
- Shaanxi Kongtian Aoxiang Capital (https://capitalatlas.ai/funds/shaanxi-kongtian-aoxiang-capital) — Series A, Series B
- Casstar Capital (https://capitalatlas.ai/funds/casstar-capital) — Series B
- Advanced Manufacturing Investment (https://capitalatlas.ai/funds/advanced-manufacturing-investment) — Series B
- Orinno Capital (https://capitalatlas.ai/funds/orinno-capital) — Series B
- Yunhang Private Equity — Series B
- Green Pine Capital Partners (https://capitalatlas.ai/funds/green-pine-capital-partners) — Series C
- Aramco Ventures (https://capitalatlas.ai/funds/aramco-ventures) — Series C
- Hangshi Group (https://capitalatlas.ai/funds/hangshi-group) — Series C
- CITIC Securities
- New Alliance Capital (https://capitalatlas.ai/funds/new-alliance-capital)
- Vertex Ventures China (https://capitalatlas.ai/funds/vertex-ventures-china)