eVTOL manufacturer Skyflytech has completed over RMB 100 million in Series A financing, led by CAS Star and co-invested by Songjiang State Investment. The funds will be used to advance the product development and commercialization of INFLYNC L600, the world's first full-scale tilting ducted-wing eVTOL. Skyflytech focuses on tilting ducted-wing technology, has built and test-flown multiple prototypes, secured nearly a thousand intention (intended) orders, and anticipates achieving commercial manned operations by 2028. Songjiang State Investment, a wholly-owned company by the Songjiang District SASAC, will facilitate Skyflytech's relocation to Songjiang District, Shanghai, following the financing.
