# Volant

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

- Industry: Aerospace
- Headquarters: Shanghai, China
- Website: www.volantaerotech.com
- Total disclosed funding: $488M
- Latest round: Series C (May 27, 2026)
- Investors on record: 34

## About

Based in Shanghai, China and founded in 2021, Shanghai Volant Aerotech Co. Ltd., trading as Volant, is an aircraft developer that focuses on the development of passenger electric vertical take-off and landing aircraft (eVTOL). The company's core team members worked at GE, COMAC, Honeywell and other aviation companies. It has cooperated with China Southern General Aviation, AVIC Aviation Rescue, AsiaJet and other companies. Ming Dong, the company’s founder and CEO, worked at AVIC, General Electric, GE and Rockwell Collins. The company operates a smart manufacturing site and a flight test base in Zigong, Sichuan Province, China.

In May 2026, Volant raised approximately CNY 1 billion in series C+ funding led by China Life Capital with participation from Shanghai Minhang Financial Investment Development, NIO Capital, CoStone  Capital and China Internet Investment Fund.

Volant engages in the research and development, production and sales of passenger-grade eVTOL intelligent manned aerial vehicles and other intelligent unmanned aerial vehicles. The company's flagship product, the eVTOL model VE25-100, can carry 6 people, has a range of 200–400 km, and a cruising speed of 235km/h. The aircraft can be used in areas such as urban transportation, aerial sightseeing, offshore oil field transportation and medical emergencies.

The company primarily generates revenue from the manufacturing and commercialization of eVTOL aircrafts and fees from related services. 

The company will use the series C+ funding in May 2026 to continue advancing key tasks such as test flights and airworthiness certification, integrate industry chain resources, striving to achieve compliant commercial operation as soon as possible.

## Funding rounds

- Series C, May 27, 2026, $147M — CoStone Capital, NIO Capital, China Internet Investment Fund, China Life Capital, Shanghai Minhang Financial Investment Development
- Series C, Apr 27, 2026, $300M — Legend Capital, Future Capital Discovery Advisory (Hong Kong) Limited, HSG, Fortera Capital, Stone Venture
- Series B, Nov 14, 2025 — Bethel Automotive Safety Systems Co., Ltd., Zhejiang Hailide New Material Co., Ltd, Jinding Capital, Bojun Technology, Aima Technology Group Co., Ltd, Precision Forging Technology
- Series B, Sep 29, 2025 — Legend Capital, Meridian Capital, CDH Baifu Capital, Hengxu Capital, Zigong Chuangfa
- Series A, Aug 19, 2024 — Shougang Fund, Beijing Guorui Investment, Shouyuan Xinneng Investment, Yanchuang Capital
- Series A, Jul 5, 2024, $14M — Legend Capital
- Series A, Jun 11, 2024 — QF Capital, Welight Capital, Dunhong Capital Management, Nanshan SEI Investment
- Series A, Apr 29, 2024, $14M — Jadex Capital, Huaqiang Capital
- Series A, Mar 5, 2024, $14M — Qingsong Fund, CDH Baifu Capital, Qlacier Capital, Zigong Chuangfa
- Seed, Sep 16, 2021 — Shunwei Capital, Ventech China

## Investors

- Shunwei Capital (https://capitalatlas.ai/funds/shunwei-capital) — Seed
- Ventech China (https://capitalatlas.ai/funds/ventech-china) — Seed
- Qingsong Fund (https://capitalatlas.ai/funds/qingsong-fund) — Series A
- CDH Baifu Capital (https://capitalatlas.ai/funds/cdh-baifu-capital) — Series A, Series B
- Qlacier Capital — Series A
- Zigong Chuangfa — Series A, Series B
- Jadex Capital (https://capitalatlas.ai/funds/jadex-capital) — Series A
- Huaqiang Capital (https://capitalatlas.ai/funds/huaqiang-capital) — Series A
- QF Capital (https://capitalatlas.ai/funds/qf-capital) — Series A
- Welight Capital (https://capitalatlas.ai/funds/welight-capital) — Series A
- Dunhong Capital Management (https://capitalatlas.ai/funds/dunhong-capital-management) — Series A
- Nanshan SEI Investment (https://capitalatlas.ai/funds/nanshan-sei-investment) — Series A
- Legend Capital — Series A, Series B, Series C
- Shougang Fund — Series A
- Beijing Guorui Investment — Series A
- Shouyuan Xinneng Investment (https://capitalatlas.ai/funds/shouyuan-xinneng-investment) — Series A
- Yanchuang Capital (https://capitalatlas.ai/funds/yanchuang-capital) — Series A
- Meridian Capital — Series B
- Hengxu Capital (https://capitalatlas.ai/funds/hengxu-capital) — Series B
- Bethel Automotive Safety Systems Co., Ltd. — Series B
- Zhejiang Hailide New Material Co., Ltd — Series B
- Jinding Capital (https://capitalatlas.ai/funds/jinding-capital) — Series B
- Bojun Technology — Series B
- Aima Technology Group Co., Ltd — Series B
- Precision Forging Technology — Series B
- Future Capital Discovery Advisory (Hong Kong) Limited (https://capitalatlas.ai/funds/future-capital-discovery-advisory-hong-kong-limited) — Series C
- HSG (https://capitalatlas.ai/funds/hsg) — Series C
- Fortera Capital (https://capitalatlas.ai/funds/fortera-capital) — Series C
- Stone Venture (https://capitalatlas.ai/funds/stone-venture) — Series C
- CoStone Capital (https://capitalatlas.ai/funds/costone-capital) — Series C
- NIO Capital (https://capitalatlas.ai/funds/nio-capital) — Series C
- China Internet Investment Fund (https://capitalatlas.ai/funds/china-internet-investment-fund) — Series C
- China Life Capital — Series C
- Shanghai Minhang Financial Investment Development — Series C