They built an "Air Tesla" with 200 million in 2 months.

A new face is emerging on the low - altitude track.

The investment community has learned that BlueVector, the parent company of Skyla, has officially completed its Pre - A5 round of financing. The lead investor is Golden Ding Capital, followed by CICC Capital and other investors. The old shareholder, Hillhouse Capital, has continued to increase its investment.

Within two months, BlueVector has completed nearly 200 million yuan in financing. So far, a new - generation eVTOL startup team has emerged.

The outside world may be unfamiliar with BlueVector - but its helmsman, Wu Qiong, has been involved in the aviation field for more than two decades. Until 2022, he embarked on entrepreneurship and began to provide software support for aerospace customers. In early 2025, spotting a differentiated opportunity in the eVTOL industry, he led the team to explore in the eVTOL direction, and Skyla was officially born.

Wu Qiong, Founder and CEO of BlueVector

This unique growth path has led to a booming financing scene for BlueVector: With both software and hardware capabilities, it endows eVTOL with higher airworthiness and intelligence levels. To some extent, it is an eVTOL startup quite similar to Tesla. Just as Tesla revolutionized the traditional automobile architecture and launched the era of intelligent vehicles, a similar scene is now playing out in the low - altitude field.

From C919 to eVTOL, a 25 - year aviation veteran starts a new business

Behind BlueVector stands an aviation veteran, Wu Qiong.

After obtaining a master's degree in software engineering from Shanghai Jiao Tong University in his early years, he plunged into the aviation industry. He was deeply involved in the research and development of more than 10 national key military aircraft models and led the full - process and full - lifecycle development of the core avionics IMA system for the domestic large aircraft C919 project. Later, Wu Qiong was also involved in founding the largest joint - venture company in the Chinese aerospace field, AVIC IMA Systems, from scratch, formed an international team, and served as the vice - president of the company.

Roughly calculated, Wu Qiong has been involved in the aviation industry for more than two decades, accumulating rich experience in the research and development of core aircraft systems and customer service. Until an idea germinated in his mind, "Since I've worked on both military and civil large aircraft, in the remaining part of my career, can I do something different in the aviation field?"

At that time, Wu Qiong observed that although some aerospace startup projects had emerged, the industry still faced a major bottleneck - airworthiness certification. "To summarize in three sentences - the toolchain is not good, the R & D efficiency is low, and the complex systems are uncontrollable." After years of experience in the industry, he had accumulated profound industry know - how, which could drive the forward - design development of civil aircraft and systems and accelerate airworthiness certification.

So in late 2021, Wu Qiong initiated preparations. He invited Zhang Xu, who had also been involved in key aerospace projects for more than 20 years and had served as the general manager of a Sino - US joint - venture company, to join him. The two jointly established AirEdge, providing digital compliance development services for enterprises in the low - altitude economy and aviation industry. This was the origin of the subsequent entrepreneurial story of BlueVector.

Currently, the company has launched its core product, the AirEdge Product Innovation Platform - based on a powerful and scalable foundation, it has established a flexible development assurance management platform for airworthiness certification and has won top - tier corporate customers such as COMAC Shanghai Aircraft Design and Research Institute, AVIC General Aviation Technology Company, Volant Aero, Yitong UAV, Jitai Aviation, and Boundary Intelligence Control. Wu Qiong revealed a detail that the company started to generate revenue gradually in 2023.

Another critical time point was 2025. Having been deeply involved in the aviation industry for a long time, Wu Qiong had long been exposed to eVTOL. However, it was not his first choice at the beginning of his entrepreneurship. "The reason is simple. At that time, we thought the upstream supply chain was too immature, and the technical risk of entering the market was too high." Until early 2025, the team judged that the time was right. By the end of that year, the Skyla brand was officially established - an eVTOL R & D and manufacturing company dedicated to reshaping future travel modes.

Soon, Wu Qiong assembled a luxurious team, bringing together former executives of Collins Aerospace in China, the platform chief engineer known as the "first person of tilt - rotor in China" in the industry, software experts at the P11 - level vice - president position in Alibaba Group, executives of many listed companies worth hundreds of billions or tens of billions, and a large number of top - level aviation system engineers and other elite talents.

During this period, Wu Qiong also led the team to conduct a series of industrial and commercial changes and integrations of the previously established companies, and BlueVector was officially born. Now, BlueVector is headquartered in Hangzhou and has two wholly - owned subsidiaries: Skyla and AirEdge.

This is a unique player in the domestic low - altitude track. Its two major business segments are synergistic - "Actually, we are solving two aspects of the same problem: on the one hand, AirEdge tools improve R & D efficiency; on the other hand, Skyla creates the most complex application scenarios, thus forming a data closed - loop + engineering closed - loop."

To put it simply, AirEdge can help Skyla solve problems such as complex systems and airworthiness certification and improve R & D efficiency; while Skyla provides a natural testing ground for AirEdge's digital products. "They complement each other," Wu Qiong summarized.

Therefore, even though Skyla is not the earliest player in the domestic eVTOL industry, it can develop rapidly with its past accumulation and technological advantages. Currently, BlueVector has developed its core product, Skyla V30, and is continuously promoting its commercialization process.

This is an urban business jet that combines "safety" and "intelligence". In Skyla's design philosophy, not only safety, efficiency, quietness, and sustainability are required, but intelligence is also an important aspect. Wu Qiong further explained, "For the future low - altitude economy to truly achieve the scenario we expect, each eVTOL must be an intelligent node in the intelligent travel network. Intelligence is the real moat for the future industry."

At the same time, the team also believes that in the face of the dual challenges of the trillion - level low - altitude market and complex urban airspace, the traditional avionics architecture can hardly meet the extreme requirements of the next - generation manned eVTOL for safety, intelligence, and evolvability.

Therefore, as the first eVTOL enterprise in the industry to clearly put forward the concept of "software - defined aircraft", Skyla has built the world's first open - intelligent integrated platform for low - altitude manned aircraft, IIS, based on this concept. With the decoupling of software and hardware and an open architecture as the core, it deeply integrates the intelligent cockpit and flight control, thus achieving more reliable, easier - to - use, and more airworthy intelligent flight.

This is a path less traveled in the industry, but it also demonstrates Skyla's ambition - to become the "Tesla of eVTOL". Just as Tesla disrupted the automotive industry more than a decade ago by eliminating the traditional distributed architecture and redefining the entire vehicle with software, thus launching the era of intelligent electric vehicles; Skyla is following a similar path, re - constructing the underlying logic of aviation with "software - defined aircraft". Founder Wu Qiong firmly believes that this will be the inevitable direction for the evolution of the eVTOL industry, and Skyla's goal is to become a systematic re - constructor in the aviation field.

Nearly 200 million yuan in financing in 2 months, investors come knocking

When a senior team enters the entrepreneurial arena, investors are often the first to sense the signal.

Back in November 2022, Wu Qiong was still leading the team in industrial software entrepreneurship, and the product was not yet fully developed. However, the team's profound accumulation and understanding of the industry still impressed the investors, and they received a tens - of - millions - level angel investment from Xianfeng Capital.

One year later, AirEdge V1.0 was launched. Customer cultivation and product refinement showed initial results. The team entered the first year of commercialization, reaching more than 30 customers in the industry such as COMAC and AVIC, and achieving tens - of - millions - level sales orders. In October of that year, BlueVector received a tens - of - millions - level Pre - A round of financing led by Orient Fortune Capital.

However, in the following year and a half, BlueVector went through a silent period in financing.

"During this period, we continued to verify commercialization, and the product side continued to yield results," but Wu Qiong admitted that objectively, the enterprise - service software track where the team was located was out of favor in the primary market.

With the evolution of the industry, hard - tech has long become a consensus among investors. As investors reminded Wu Qiong: "Your team has always been engaged in hard - tech. Why not start a hard - tech business?" "You're teaching eVTOL OEMs how to develop aircraft. Why don't you develop aircraft yourself?"... Wu Qiong recalled, "At that time, there were a lot of voices encouraging me to take it a step further on the existing basis." Witnessing the rapid convergence of the low - altitude industry consensus, Skyla was born.

In just one year, Skyla's evolution speed is obvious to all: At the end of last year, Skyla's scaled - down configuration verification aircraft made its first successful flight; in January this year, Skyla's scaled - down configuration verification aircraft completed a full - mode tilt - transition flight test, covering vertical takeoff, tilt transition, level - flight cruising to a safe landing. The whole process was stable and controllable, achieving a key leap from vertical takeoff and landing to level flight.

Investors voted with their feet. So we saw a booming financing scene for BlueVector: In October 2025, BlueVector completed a tens - of - millions - yuan Pre - A+ round of financing, exclusively invested by Houxue Capital; in January 2026, it completed the Pre - A++ round of financing, led by the old shareholder Houxue Capital, followed by Shangli Investment of the new - energy industry investment. The total financing amount reached tens of millions of yuan. One month later, it received another round of tens - of - millions - yuan financing, led by Hillhouse Capital (HLC), with the old shareholder Houxue Capital continuing to follow.

Until the completion of this Pre - A5 round of financing, nearly 200 million yuan in financing has been completed in two months. Looking at the long - term, in just half a year, BlueVector has completed four rounds of financing, becoming a rapidly rising star in the domestic eVTOL industry.

After long - term contact with investors, Wu Qiong also observed a change: "Investors' cognition has diverged - from the low - altitude investment boom in 2024, to the slowdown of the financing rhythm in 2025. Now, the primary market is warming up, and investors are becoming more rational. They are more optimistic about project teams with rich engineering R & D experience in various models."

Looking at Skyla, the company has always focused on core technologies such as tilt - rotor configuration, software - defined aircraft, and three - electric system integration, which also verifies the team's profound engineering background in the aircraft field. A detail is that the average working experience of Skyla's core technical team in the aerospace industry is more than 16 years, and they have accumulated experience in more than 20 defense models and civil aircraft airworthiness certification.

In addition to this hard power, Skyla also has a unique and irreplaceable ecological advantage - as the only eVTOL enterprise in China to receive the endorsement of two top - level civil aircraft systems. On the one hand, Skyla is an ecological partner of COMAC Software Company in the COMAC system, which can rely on COMAC to share large - aircraft R & D standards, airworthiness experience, and the core supply chain, consolidating the technical and production foundation; on the other hand, it is a strategic partner of the AVIC Investment Group in the CAAC system, which can deeply collaborate with the civil aviation system, connect with policy orientations in advance, participate in the formulation of industry standards, and jointly build a complete closed - loop of "capital + industry + scenario" with the AVIC Investment Group, clearing all - chain obstacles for the enterprise in key links such as airworthiness certification, scenario implementation, and large - scale operation. This unique ecological support has become Skyla's core confidence to break through in the low - altitude track.

To some extent, the practical experience in "airworthiness/type certification", continuous breakthroughs in technology R & D, and the support of irreplaceable ecological resources have become the cornerstone for Skyla to gain the trust of investors.

This is just the beginning. Wu Qiong introduced that in 2026, Skyla will have four important milestones - in April, its intelligent integrated system architecture will be launched nationwide; in July, Skyla V30 will be launched globally; by the end of August, the full - scale technology verification aircraft will be assembled and rolled off the production line; by the end of the year, the full - scale technology verification aircraft will make its first flight.

The 3.5 - trillion - yuan super - track, the curtain is rising

This is an unprecedented industrial opportunity for China.

In the past few years, we have witnessed the rapid emergence of the low - altitude economy into the public eye. From 2024 when "low - altitude economy" was first written into the government work report, marking the arrival of the low - altitude economy era, to now when it has been elevated to a strategic emerging industry in the 15th Five - Year Plan, there are infinite opportunities in the sky. Data released by the Civil Aviation Administration of China shows that by 2035, the market scale of the low - altitude economy is expected to exceed 3.5 trillion yuan.

"This is a process of re - doing what has been done in the two - dimensional transportation field in three - dimensions." Wu Qiong believes that as a new infrastructure, the low - altitude industry has a strong economic driving ability. Once realized, it will lead to the upgrading of the manufacturing industry, the improvement of urban efficiency, and the improvement of transportation efficiency, truly forming a multiplier effect of "one industry driving a hundred industries".

However, it cannot be denied that the low - altitude economy has only been around for a few years. "I still think this industry is still in a very immature early stage." In Wu Qiong's observation, the current stage is still in the technical prototype and key - technology breakthrough stage, and there is still a long way to go in the engineering stage.

Indeed, any emerging industry needs time to develop. In the low - altitude economy track, there are more obvious short - board constraints. For example, different from new - energy vehicles, it is difficult for aircraft to increase their endurance by simply adding batteries, so breaking through new battery technologies is urgent; to meet the future high - density urban low - altitude travel, air "traffic lights", a complete and mature air traffic control system is essential... "And even looking at the world, these fields are still in the 0 - to - 1 exploration stage."

But challenges also mean opportunities. In fact, the development law of emerging industries has always been like this - the less consensus there is currently, the more opportunities there are for breakthroughs. The many bottlenecks in the low - altitude economy at present precisely mean that there is no unified development path in the industry, and a solidified competitive landscape has not yet been formed. This "chaotic period" is the best time for innovators to break through barriers and achieve a breakthrough.

Wu Qiong deeply feels this. He believes that the current technology, engineering, and commercialization are all in a very early stage. It is not too late to enter the market at this time, and there are still many opportunities in the low - altitude field. "Both being the first to enter and entering later have their own advantages. Looking back in ten years, the pattern may be completely different."

Wu Qiong gave an analogy. The current development state of the low - altitude industry is very similar to that of the new - energy vehicle industry around 2012 - the technology is already feasible, but the commercial path has not been fully established. Policies are being implemented intensively, but the infrastructure is still imperfect. The market is full of uncertainties but also contains great potential. China won a turnaround