HT Aero, an urban air mobility (UAM) company and an affiliate of XPeng, has entered into a definitive agreement with a consortium of investors to raise over US$500 million for its Series A capital funding. The funding round is led by IDG Capital, 5Y Capital and XPeng with participation by a consortium of renowned investors, including Sequoia China, Eastern Bell Capital, GGV Capital, GL Ventures and Yunfeng Capital. The company states that the Series A financing from a consortium of high quality investors is a strong testament to its long-term vision, technology roadmap and its R&D capability as a prominent

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