# Qiyi Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/qiyi-technology

- Industry: Aerospace
- Headquarters: Shenzhen, China
- Total disclosed funding: $59M
- Latest round: Angel (Apr 23, 2026)
- Investors on record: 2

## About

Founded in 2025 and based in Shenzhen, China, FAW Qiyi (Shenzhen) Technology Co., Ltd., trading as Qiyi Technology, operates as an enterprise-focused developer and manufacturer in the low-altitude aviation sector. The company provides electric vertical take-off and landing (eVTOL) aircraft development, testing services, and prototype manufacturing for future low-altitude mobility applications. In April 2026, Qiyi Technology raised CNY 400 million in Angel funding from Fawer Automotive Parts, FWD Group, Shenzhen Dapeng Guiding Fund and Shenzhen Investment Control Capital.
The company works with enterprise and institutional stakeholders to provide eVTOL aircraft research and development, flight testing, prototype manufacturing, and preparation for future commercial operations. Its core product, the Hongqi Tian Nian 1 eVTOL prototype, adopts a composite-wing configuration and is designed for low-altitude mobility scenarios, with ongoing work in airworthiness certification, core technology iteration, and next-generation product development.
The company’s revenue is generated by activities related to eVTOL aircraft development, including research and development programs, prototype development, and future aircraft manufacturing and operational services.
The Angel funding raised will be used for product research and development, helping it becomes a benchmark enterprise in the low-altitude economy sector.

## Funding rounds

- Angel, Apr 23, 2026, $59M — Fawer Automotive Parts, Shenzhen Investment Control Capital

## Investors

- Fawer Automotive Parts — Angel
- Shenzhen Investment Control Capital (https://capitalatlas.ai/funds/shenzhen-investment-control-capital) — Angel