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Dream Chaser Aerospace Technology closes Series A+ round of hundreds of millions of yuan led by Hangzhou Industrial Group, setting a new record in China's hybrid eVTOL sector.

PRIVATESep 03, 2026•5 days ago

Amount Raised

¥100 Million

Round Type

Series A

TransportationAerospace

Investors

Xiaochi CapitalAviation Investment FundSdic Taikang TrustQianhai ArkBuhu Venture CapitalCaitong CapitalXiaoshan Venture Capital FundHangzhou Low Altitude Economy Co., Ltd.Hangzhou Industrial Group

Description

Dream Chaser Aerospace Technology, a Hangzhou-based hybrid tilt-rotor eVTOL company, has officially closed a Series A+ financing round led by Hangzhou Industrial Group and its subsidiary Hangzhou Low-altitude Economy Co., Ltd. The round includes follow-on investments from Xiaoshan Venture Capital Fund, Caitong Capital, Buhu Venture Capital, Qianhai Ark, SDIC Taikang Trust, Aviation Investment Fund, and Xiaochi Capital. This represents the largest single financing in the company's history and sets a new single-round financing record in China's hybrid eVTOL sector. The company, founded by post-90s Tsinghua alumnus Cai Wenkuan, has accumulated nearly 800 million yuan in total financing to date.

Company Information

Company

Dream Chaser Aerospace Technology

About

Dream Chaser Aerospace Technology is a Hangzhou-based company specializing in hybrid tilt-rotor eVTOL (electric vertical takeoff and landing) aircraft, filling a gap in China's low-altitude economy sector. Founded by post-90s Tsinghua University alumnus Cai Wenkuan with nearly 20 years of aviation R&D experience, the company has rapidly emerged as a leading player in the hybrid eVTOL market in just four years. The company has achieved a record-breaking Series A+ financing round and accumulated total financing of approximately 800 million yuan. It recently established its headquarters project in Xiaoshan Economic and Technological Development Zone, marking Hangzhou's first eVTOL complete aircraft headquarters project.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Dream Chaser Aerospace Technology raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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