EHang Goes Public
On Oct. 30, drone manufacturer and eVTOL developer EHang filed with the US Securities and Exchange Commission (SEC) for its $100M initial public offering (IPO) on the US Nasdaq stock exchange. The paperwork for the Guangzhou-based company noted that it had delivered 38 “passenger-grade” autonomous aerial vehicle (AAVs) to customers “for testing, training, and demonstration purposes and developed two command-and-control centers for smart city management.” These vehicles were two-seat EHang 216 AAVs with the exception of a single-seat 116, both of which have eight arms and 16 rotors vs. the original prototype model 184 with four arms and eight propellers. The Civil Aviation Administration of China (CAAC) earlier this year approved initial unmanned service. EHang’s filing noted that it planned to launch passenger air taxi service in its home city of Guangzhou and other cities in China.