Zero Gravity Aircraft Industry Completes Nearly 100 Million Yuan Series A++ Financing Jointly Invested by Cloud Time Capital and Xiangyuan Culture and Tourism | Exclusive Report by 36Kr

Text | Liu Jingqiong

Editor | A Zhi

Cover Source | Provided by the enterprise

36Kr has learned that Zero Gravity Aircraft Industry (Hefei) Co., Ltd. (hereinafter referred to as "Zero Gravity"), a developer and manufacturer of new energy aircraft, has completed a nearly 100 million yuan Series A++ strategic financing round. This round of financing was jointly invested by Yunshi Capital and the fund in which Xiangyuan Culture and Tourism holds shares - Yancheng Huanghai Huichuang Ketai Low - Altitude Economy Industry Investment Fund Partnership (Limited Partnership). The funds raised will be used to advance the airworthiness certification process and the R & D, mass production, and delivery of core products.

Founded in 2021, Zero Gravity was the first domestic developer and manufacturer of electric aircraft to simultaneously develop three types of aircraft at that time. Its three core products are: the electric fixed - wing aircraft (eCTOL) Ruixiang RX1E - A, the electric vertical take - off and landing aircraft (eVTOL) multi - rotor ZG - ONE Quefei, and the tilt - rotor ZG - T6.

In March this year, 36Kr interviewed the founding team of Zero Gravity. According to the initial plan of the management, the "mature generation" RX1E series of aircraft have mature technology. They can be put into production and sales with little R & D effort, ensuring the company's early cash - flow income and continuously providing R & D investment for the second - and third - generation models. The "airworthiness generation" ZG - ONE has occupied most of the company's early R & D efforts. After obtaining the airworthiness certificate and entering the market, it will become the company's largest cash - flow product. The "pre - research generation" ZG - T6 is a model launched by the company for future air transportation and is still in the R & D stage.

Ruixiang RX1E - A

ZG - ONE Quefei

ZG - T6

In the past six months, all three generations of aircraft have made new progress.

The production and sales of electric fixed - wing aircraft are currently the main source of revenue for Zero Gravity. Currently, the RX1E series of aircraft have received over 100 confirmed orders and more than a thousand intended orders, officially kicking off mass production and delivery. In addition, Zero Gravity is also promoting the application of its aircraft among individual aircraft owners. It has established a wholly - owned subsidiary, Zero Gravity Aviation, and has allocated senior flight instructors (such as the former assistant chief instructor of a 141 - part flight school) to provide pilot license registration and flight training services for individual owners of the RX1E series of aircraft. Just a few days ago, Zero Gravity completed the delivery of the first media owner of the RX1E - A electric aircraft.

In terms of the multi - rotor eVTOL, the application for the Type Certificate (TC) of the ZG - ONE Quefei has been accepted by the Civil Aviation Administration of China, and the certification basis and compliance verification plan have been initially agreed upon with the authorities. In addition, the tilt - rotor eVTOL ZG - T6 is about to conduct test flights.

In terms of application scenarios, low - altitude cultural and tourism is the key area for Zero Gravity to focus on. The injection of funds from Xiangyuan Culture and Tourism is expected to not only supplement the cash - flow but also further open up its scenic spots and cultural and tourism resources, providing more application scenarios and commercialization entry points for the eCTOL and eVTOL products.

Public reports show that since this year, Zero Gravity has signed contracts with multiple governments to explore the implementation of the in - depth integration of aviation equipment and cultural and tourism. It is reported that Zero Gravity's green aviation flight camps have also gradually started trial operations.

Evaluation from Investors

Yunshi Capital: Zero Gravity Aircraft Industry's technological accumulation and commercial progress in the field of new energy aircraft are remarkable. Its core team not only has a profound background in aerospace engineering technology but also has an accurate grasp of the market demand for the low - altitude economy. This combination of technological strength and market insight is exactly what we value most when deploying in the low - altitude economy track. We firmly believe that Zero Gravity will bring disruptive value to the low - altitude economy industry, which is also the core reason for Yunshi Capital to choose to participate deeply.

Yancheng Huanghai Huichuang Ketai Low - Altitude Economy Industry Investment Fund Partnership (Limited Partnership): The team of Zero Gravity Aircraft Industry understands both technology and application scenarios. Their understanding and layout of the new low - altitude tourism format are highly consistent with our direction of deeply cultivating cultural and tourism scenarios relying on Xiangyuan Culture and Tourism's resources. We believe that with Zero Gravity's excellent technical team and accurate judgment of the market prospects, it will surely open up a vast space in the field of the integration of the low - altitude economy and cultural and tourism in the future. This is also the key reason for us to choose to cooperate with Zero Gravity.