Chinese New Energy Aircraft Manufacturer ZEROG Secures Over 100 Million Yuan in Series A+ Financing
Shanghai (Gasgoo)- Zero Gravity Aircraft Industry (ZEROG), a leading Chinese new energy aircraft manufacturer, has recently announced the successful completion of its Series A+ financing round, raising over 100 million yuan. The funding was led by Feixi County Canal Industry Fund Co., Ltd. (Feixi Industry Investment) with Shenzhen Sanhang Venture Capital Co., Ltd. (SANHANG) participating as a co-investor.
The capital raised in this round will be utilized to support the research and development, manufacturing, and commercial operations of multiple new energy aircraft models under ZEROG. A significant portion of the funds will also be allocated towards the airworthiness certification process for the ZG-ONE multi-rotor eVTOL aircraft and the flight testing of the full-size ZG-T6 tilt-rotor eVTOL aircraft.
ZEROG aims to further expand its presence in the green aviation sector by accelerating the construction of green aviation flight camps focused on eVTOL and electric fixed-wing aircrafts.
Feixi Industry Investment, the primary investor in the Series A+ round, is a state-owned enterprise controlled by the Feixi County government. Guo Zhen, Executive Director of Feixi Industry Investment, emphasized the importance of eVTOL aircraft in urban air mobility, logistics, and tourism, highlighting the role of low-altitude economy in modern productivity.
SANHANG, the co-investor in the round, specializes in the industrialization of technological achievements. The firm has established engineering laboratories in key areas such as drones, robotics, marine intelligence, civil aviation, artificial intelligence, new materials, and new energy, aiming to support technology startups and nurture industry-leading technology companies.
Since its inception, ZEROG has successfully completed five rounds of financing, with the Series A+ round marking the latest milestone in the company’s growth trajectory.
