# Blue Space Aircraft Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/blue-space-aircraft-co

- Industry: Aerospace
- Headquarters: Qingdao, China
- Latest round: Angel (Jan 27, 2025)
- Investors on record: 4

## About

Based in China, Blue Space Aircraft Co., Ltd is an aircraft developer, mainly engaged in the research and development and design of drones and related intelligent equipment. In June 2021, it closed a venture funding from new investor Capital Development Investment Fund. In 2024, Yunfan-2, the tilt-rotor eVTOL completed a full-process tilt-rotor transition flight test at Qingdao Pingdu Cihang Airport. In January 2025, Blue Space Aircraft Co., Ltd raised CNY 100 million in angel+ funding from China Capital Management, Capital Development Investment Fund, etc. In June 2025, Blue Space Aircraft Co., Ltd closed a venture funding from new investor CASVC Investment Management.

Blue Space Aircraft Co., Ltd is mainly engaged in the research and development, design, production, sales and after-sales service of drones and related intelligent equipment. Its main products are the Yunfan-1, stratospheric ultra-long-endurance solar-powered UAV and the Yunfan-2, electric tilt-rotor vertical take-off and landing aircraft. The Yunfan-2 adopts a distributed tilt-rotor layout and can carry standard air transport pallets, or carry a variety of payloads such as professional surveying and mapping cameras, optoelectronics, radars, weapons, etc.

The company generates revenue by developing and providing drones and related intelligent equipment.

## Funding rounds

- Angel, Jan 27, 2025 — China Capital Management, Capital Development Investment Fund, Qingdao Fund of Venture Capital Funds Management Center, Jiaxing Chenxi Investment Management

## Investors

- China Capital Management (https://capitalatlas.ai/funds/china-capital-management) — Angel
- Capital Development Investment Fund (https://capitalatlas.ai/funds/capital-development-investment-fund) — Angel
- Qingdao Fund of Venture Capital Funds Management Center (https://capitalatlas.ai/funds/qingdao-fund-of-venture-capital-funds-management-center) — Angel
- Jiaxing Chenxi Investment Management — Angel