China’s Vertaxi Secures Funding For eVTOL Prototype

Graham Warwick February 27, 2023

Shanghai-based Vertaxi has begun final assembly of its prototype M1 eVTOL air taxi.

Credit: Vertaxi
Chinese startup Vertaxi has raised 150 million yuan ($21.6 million) to support development of its Matrix 1 electric vertical takeoff and landing (eVTOL) air taxi. The funding round was led by investment fund Skyview and takes money raised so far to $26 million. Shanghai-based Vertaxi, formerly...
Graham Warwick

Graham leads Aviation Week's coverage of technology, focusing on engineering and technology across the aerospace industry, with a special focus on identifying technologies of strategic importance to aviation, aerospace and defense.

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