# Shanghai Autoflight Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shanghai-autoflight-co

- Industry: Aerospace
- Headquarters: Shanghai, China
- Website: www.autoflight.com
- Total disclosed funding: $100M
- Latest round: Series A (Nov 22, 2021)
- Investors on record: 2

## About

Founded in 2019 and based in Shanghai, China, Shanghai Autoflight Co., Ltd. operates as a manufacturing company that focuses on the production and sales of autonomous aircraft and related products. It was recognized as the National High-tech Enterprise. The company has manufacturing bases in Kunshan and Jining, as well as a research and development center in Munich, Germany. Tian Yu, Founder and CEO, has been awarded more than 300 aviation-related patents and has over 20 years of experience in aviation entrepreneurship. Its CarryAll cargo aircraft acquired type certification (TC) in March 2024 from the CAAC. In August 2024, Shanghai Autoflight Co., Ltd. closed a strategic investment from new investor Contemporary Amperex Technology.

The company is mainly engaged in the research, development, production, and sales of autonomous aircraft based on aviation technology, new materials, artificial intelligence, autonomous driving, and 5G technologies. Products can be categorized into eVTOL aircraft and marine products. Its eVTOL aircraft include PROSPERITY, CARRYALL, FIREFIGHTING, and other models. The Maximum takeoff weight of PROSPERITY is 2200 kilograms, with a cruise speed of 200 kilometers per hour. The company also provides air logistics operating systems and air three-dimensional travel solutions.

The company generates revenue by providing autonomous aircraft and related products.

The company will expedite the R&D and airworthiness certification of its manned Prosperity passenger aircraft, as well as collaborate with enterprises in the new energy field to advance the R&D, commercialization, and market expansion of eVTOL technologies.

## Funding rounds

- Series A, Nov 22, 2021, $100M — Team Europe
- Seed, Jan 1, 2021 — TDK Ventures

## Investors

- TDK Ventures (https://capitalatlas.ai/funds/tdk-ventures) — Seed
- Team Europe (https://capitalatlas.ai/funds/team-europe) — Series A