WeFly Aviation secures nearly 100 million yuan Series A financing led by Zigong General Aviation Industry Development Equity Investment Fund. Funds will support R&D, trial production, and airworthiness certification for its Cloud Bear UAV series.
Amount Raised
¥100 Million
Round Type
Series A
Investors
Description
WeFly Aviation, an R&D and manufacturer of cost-effective general-purpose unmanned transport aircraft, has completed a Series A financing round of nearly 100 million yuan. The round was led by Zigong General Aviation Industry Development Equity Investment Fund, with follow-on investment from Aero Engine Fund. Proceeds will be used for R&D and trial production of new technologies and models, as well as accelerating airworthiness certification and market expansion. The company's flagship Cloud Bear WZ500 UAV has surpassed 12,000 km accumulated flight mileage and obtained special flight permits.
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Funding Insights
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