Geely’s eVTOL arm and the first company in China to hold an operating certificate for a manned tilting-propeller aircraft. Closed a CNY 1 billion round in 2026.
Aerofugia is the advanced air mobility subsidiary of Geely Group, developing the AE200, a five-seat tilting-propeller aircraft aimed at intercity routes in the Yangtze and Pearl River deltas.
In 2026 Aerofugia became the first company in China to obtain an operating certificate for a manned eVTOL with tilting propellers, a harder architecture to certify than the multirotors that preceded it. It closed a CNY 1 billion round, roughly USD 140 million, and targets completion of full airworthiness certification in late 2026 or early 2027.
Geely’s automotive manufacturing base gives Aerofugia a production advantage similar to the one Stellantis provides Archer, and it is among the three Chinese programmes furthest along with the CAAC.
The clearest second mover in the US. Archer has had all 797 means-of-compliance documents accepted by the FAA and is the official air taxi provider for…
