# Air White Whale

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/air-white-whale

- Industry: Aerospace
- Headquarters: Beijing, China
- Website: www.airwhitewhale.com
- Total disclosed funding: $17M
- Latest round: Series A (Oct 18, 2024)
- Investors on record: 6

## About

Established in 2021 and based in Beijing, China, Air White Whale is an aerospace company that focuses on the research and development of unmanned cargo aircraft. It has established R&D centers in Beijing, Xi'an and Shanghai, and is building an assembly manufacturing and testing center in Changzhou. Its team members used to work in aviation enterprises such as Airbus, COMAC, and GE. Zhendong Hu, the CEO of the company, graduated from Beihang University. He used to be the head of the Science and Technology Department, with 14 invention patents related to aircraft development. In December 2023, the company won the champion of the Entrepreneurship Group of the 8th China Aerospace Entrepreneurship Competition. In October 2024, it closed a series A funding series A funding led by returning investor Changzhou Hi-tech Venture Capital.

The company’s main business is the research, development and manufacturing of large unmanned cargo aircraft. The company’s self-developed product is the W5000 unmanned cargo aircraft. Its products are used in the field of air cargo transportation.

 Air White Whale generates revenue by providing large unmanned cargo aircraft and related air cargo transportation services.

The company will use the series A funding for or first flight tests, flight test center construction, mass production, etc.

## Funding rounds

- Series A, Oct 18, 2024, $17M — Shenwan Hongyuan Securities Ltd, China Merchants Venture Investment Management, Changzhou Hi-tech Venture Capital, Zhongying Holding
- Angel, Jan 12, 2024 — Zhencheng Capital, Changzhou Hi-tech Venture Capital, Zhongying Holding, Beijing Dinghan Investment Co.,Ltd.
- Angel, Jun 20, 2023 — Zhencheng Capital, Changzhou Hi-tech Venture Capital

## Investors

- Zhencheng Capital (https://capitalatlas.ai/funds/zhencheng-capital) — Angel
- Changzhou Hi-tech Venture Capital — Angel, Series A
- Zhongying Holding — Angel, Series A
- Beijing Dinghan Investment Co.,Ltd. — Angel
- Shenwan Hongyuan Securities Ltd — Series A
- China Merchants Venture Investment Management (https://capitalatlas.ai/funds/china-merchants-venture-investment-management) — Series A