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Article: Flying car dreams gain altitude as Xpeng affiliate Aridge raises US$200 million

Impact Score

5 / 10

AI Summary (Processed Content)

Aridge, an affiliate of Xpeng, has raised US$200 million in new funding from existing investors, bringing its total equity financing to approximately US$1 billion. This marks the largest funding pool for a flying car developer in Asia.

The company is accelerating its manufacturing and commercialization plans for its Land Aircraft Carrier vehicle. Concurrently, it is progressing towards a public listing, having confidentially filed for an IPO in Hong Kong.

The main topics covered are corporate fundraising, the development and commercialization of flying car technology, and plans for an initial public offering.

Original URL

https://www.scmp.com/tech/article/3346597/flying-car-dreams-gain-altitude-xpeng-affiliate-aridge-raises-us200-million?utm_source=rss_feed

Source Feed

Tech - South China Morning Post

Published Date

2026-03-14 08:43

Fetched Date

2026-03-14 06:30

Processed Date

2026-03-14 06:31

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Present

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Not Clustered

Raw Extracted Content

Flying car dreams gain altitude as Xpeng affiliate Aridge raises US$200 million
Fresh capital comes as the company ramps up manufacturing of its Land Aircraft Carrier vehicle and pushes towards commercial deliveries.
Existing investors including GL Ventures, the venture capital arm of Hillhouse Investment, and HongShan – formerly Sequoia China – participated in the latest round, according to a statement released on Friday.
The fundraising brings Aridge’s total equity financing to about US$1 billion, making it the largest funding pool for a flying car developer in Asia.
The capital injection comes as the company accelerates plans for both commercialisation and a public listing.
Aridge – formerly known as AeroHT – had confidentially filed for an IPO with the Hong Kong stock exchange, appointing JPMorgan Chase and Morgan Stanley as underwriters, the South China Morning Post reported in January, citing two sources familiar with the matter. The IPO was expected to take place as soon as this year, the report said.
At the same time, the company is ramping up production capacity.