• 21 Dec 2021 01:13 PM
• 0

AutoFlight Raises $100M to Advance V1500M

Autoflight, an eVTOL developer based in Shanghai, China, announced on Nov. 22 that it had raised $100M in a Series A investment round led by Lukasz Gadowski and his Berlin-based company, Team Global. The funding will go towards developing the V1500M, a four-passenger (five-seat) eVTOL unveiled in September 2021. AutoFlight completed the maiden flight (shown) of the V1500M in October and is expected to be certified by 2024. Gadowski is a European technology investor who, according to FutureFlight, has invested in other electric aviation companies such as Volocopter, Archer and ZeroAvia. AutoFlight announced that Gadowski will join the company’s board of directors.