Weizhi Hangkong raises nearly CNY100 million Series A
Zigong Tonghang Fund led the cargo-drone maker’s financing, with returning investor Hangfa Fund participating.
Weizhi Hangkong has raised nearly CNY100 million in a Series A led by Zigong Tonghang Fund, with participation from returning investor Hangfa Fund.
The Beijing cargo-drone company will use the funding to develop and prototype aircraft, progress airworthiness certification and expand deployments. Its WZ500 fixed-wing aircraft targets regional freight routes.
The company is preparing transport pilots and developing aircraft with greater payload and range. Its focus is on making unmanned cargo services practical for logistics operators.
Use of funds
Develop and prototype aircraft models
Progress airworthiness certification
Expand cargo transport deployments