XPENG AEROHT

XPENG AEROHT is a Chinese flying car company positioning itself as a global leader in low-altitude personal mobility. The firm pursues a "three-step" product strategy that begins with the **Land Aircraft Carrier**, a modular system where a six-wheeled ground vehicle carries and deploys a two-person eVTOL aircraft . This first product targets controlled environments—suburban areas, scenic zones, and flight camps—rather than urban air taxi service, with planned mass production starting in late 2024 and a price point above RMB 1 million . The company claims to be Asia's largest flying car company by funding, having raised approximately **$1 billion in total equity financing** through a roughly $200 million round in early 2026 backed by Gaorong Ventures, Hillhouse, Sequoia China, and others . Its longer-term roadmap moves through high-speed eVTOL for inter-city routes to an eventual integrated road-air vehicle for door-to-door 3D urban transport . Heart Capital, an early investor since the A round in 2021, has described the company as "the first among China's eVTOL enterprises to achieve mass production" .