Aerofugia secures nearly CNY1 billion for AE200 certification and production
CSC Financial led the financing for the Geely-backed electric aircraft developer, with Vertex Ventures China among the participating investors.
Aerofugia announced a completed financing of nearly CNY1 billion on February 2, 2026. CSC Financial Co., Ltd. led the round, with Vertex Ventures China and other new and existing investors participating.
The Chengdu-based developer plans to direct the capital toward final airworthiness certification work for its AE200 aircraft series, production capacity at its global headquarters and development of commercial operating models. The investment supports its transition from aircraft validation toward manufacturing and deployment.
Backed by Geely, Aerofugia develops electric vertical takeoff and landing aircraft for advanced air mobility. Its plans depend on completing the applicable certification process before broader commercial use.
Use of funds
AE200 series final airworthiness certification
Global headquarters production capacity
Commercial operating model development