eVTOL Startup ZeroG Aircraft Industry Closes Nearly RMB 100 Million New Funding Round | BlueRun Ventures

ZeroG Aircraft Industry (Hefei) Co., Ltd. (hereinafter referred to as "ZeroG") has recently completed an angel round of nearly RMB 100 million, co-led by Lenovo Capital and Incubator Group and QF Capital, with follow-on investment from Hefang Capital. The proceeds will fund the R&D and flight testing of ZeroG's flagship ZG-T6 full-scale technology demonstrator (six-seat, tiltrotor configuration), and further support production and airworthiness certification for its other aircraft models.

BlueRun Ventures was the sole investor in ZeroG's seed round.

BlueRun Ventures stated: Aviation electrification is a major investment theme for us. Electric aircraft offer numerous advantages — lower costs, higher safety, and greater intelligence. These benefits make clear that the electrification of aviation is already underway. The ZeroG team brings deep technical expertise in aeronautical vehicles, having successfully designed multiple vertical take-off and landing (VTOL) configurations. Their thorough understanding of the technical characteristics across various configurations gives them the ability to strategically match vehicle design capabilities with target markets — a rare commercialization strength. The team has also repeatedly shepherded aircraft through airworthiness certification from scratch, accumulating substantial regulatory experience. We look forward to ZeroG leading the charge in aviation electrification.

With the successful commercial maiden flight of China's domestically developed C919 large passenger jet, and Boeing's full acquisition of eVTOL developer Wisk, the aviation manufacturing sector has witnessed multiple milestone events amid an increasingly favorable trajectory. Against this backdrop, ZeroG — as an eVTOL developer — has steadily emerged as a rising industry force, its potential built on accumulated technical depth.

Rendering of ZeroG ZG-T6

ZeroG Aircraft Industry is an innovative manned electric vertical take-off and landing (eVTOL) company led by an academician and distinguished by technical leadership. Founded in March 2021 and headquartered in Hefei High-Tech Zone, the company maintains R&D, operations, production, and flight testing branches in Nanjing, Shenzhen, and Wuhu. As China's first eVTOL enterprise with three generations of aircraft in parallel development, ZeroG adheres to "future, green, innovation" as its overarching philosophy, with a vision to "build Earth's third transportation ecosystem." Using eVTOL aircraft as its vehicle, the company continues to advance the "green revolution" in aviation and the development of advanced air mobility, contributing to China's goal of establishing an integrated comprehensive transportation system.

Rendering of ZeroG ZG-T6

Yiheng Li, ZeroG's founder and CEO, said: "ZeroG will accelerate R&D and flight testing of our flagship ZG-T6 full-scale technology demonstrator, advance production and airworthiness work for our other models, and focus on breakthroughs in high-payload tiltrotor technology and tiltrotor control algorithms. We will further invest in top-tier talent, deepening our integrated vertical layout across product design, manufacturing, and market application to help China build a comprehensive three-dimensional transportation system."

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Founded in Silicon Valley in 2005, BlueRun Ventures is a venture capital firm focused on early-stage startups.

The firm currently manages multiple USD and RMB dual-currency funds in China, with assets under management exceeding RMB 15 billion, making it one of the largest early-stage funds domestically. BlueRun invests primarily at Pre-A and Series A stages across hard tech and innovative interaction, enterprise technology, new consumer, and healthcare sectors. It has backed more than 150 startups, including Li Auto, Waterdrop, QingCloud, Guazi.com, Qudian, Songguo Mobility, Ganji.com, Energy Monster, Yuntu Semiconductor, Machenike, Yunheng Intelligence, Anxin Wangdun, and BioMap.

BlueRun Ventures has been ranked #1 on Zero2IPO's "China Top 30 Early-Stage Investment Institutions" and ChinaVenture's "China Best Early-Stage Venture Capital Firms TOP30," and was named among Preqin's Top 10 VC fund managers globally for consistent high returns.

The firm has also received consecutive annual honors from Forbes China, 36Kr, Cyzone, Caixin Media, CBNweekly, Jiemian, and other media organizations as "China's Best Early-Stage Firm," "China Top Venture Capital Firm," "Most Entrepreneur-Friendly Early-Stage Firm," and "Most Influential Early-Stage Firm."