Backed by Meridian Capital's investment, eVTOL enterprise "Shidi Technology" has completed a RMB 300 million Series B++ financing round, accelerating its lead in the new global low-altitude economy track.
Recently, Shidi Technology, a Chinese electric vertical takeoff and landing aircraft (eVTOL) company, announced the completion of a Series B++ financing round worth 300 million RMB. This round of financing was jointly invested by Meridian Capital, Junshan Capital, and Puhua Capital. It is the company's second financing round in 2025 and the seventh in total.
This financing is the first large - scale financing in the industry after the "15th Five - Year Plan" clearly identified the low - altitude economy as a key industry. It not only reflects the continuous attention and support of national policies for the industry but also demonstrates the high recognition of the capital market for Shidi Technology's tilt - rotor technology path, engineering maturity, and commercialization potential. As a leading enterprise in the low - altitude economy, under the dual drive of policies and capital, Shidi Technology has officially entered the accelerated period of large - scale commercial application, laying a solid foundation for airworthiness certification and global market delivery.
Global Benchmarking and In - depth R & D
Building International Competitive Barriers for eVTOL
Shidi Technology was founded in 2021. Since its establishment, it has targeted the global industrial consensus and focused on tilt - rotor, the optimal technology path for urban air mobility (UAM). From a strategic perspective, it avoids the risk of trial - and - error in technology routes and concentrates resources to achieve breakthroughs in key technologies and optimize system engineering.
1. Precise Anchoring of Technology Route: Tilt - Rotor Performance Crosses the Commercialization Threshold
The tilt - rotor configuration selected by Shidi Technology combines vertical takeoff and landing capabilities with high - speed cruise efficiency and has become the technology direction jointly focused on by global leading enterprises. Its self - developed Model E20 has comprehensive performance indicators of a cruising speed of 320 km/h, a range of 200 km, and an effective payload of 450 kg, fundamentally laying the economic foundation for large - scale commercial operation.
2. Global Leadership in Engineering Maturity: CEO's Co - Flight Test Demonstrates System Reliability
As of now, Model E20 has completed over 1,000 flight tests and achieved the world's first multi - passenger flight of an eVTOL and the verification of the founder and CEO co - flying, fully demonstrating the system's high stability and engineering maturity. In the airworthiness process, Model E20 has entered the compliance verification stage, laying a solid foundation for the certification goal in 2027.
3. First Breakthrough in the International Market: Setting a Record for Chinese eVTOL Going Global
In July 2025, Shidi Technology signed a procurement agreement with UAE company Autocraft for 350 aircraft with a total value of 1 billion US dollars, setting a record for the largest single overseas order in the Chinese eVTOL field, demonstrating the high recognition of its technical strength and product competitiveness in the international market and providing strong support for the promotion of its globalization strategy.
Industrial Collaboration
Deep Joint Research to Ensure the Certainty of Airworthiness Certification
Shidi Technology has established a supply chain system that meets global aviation standards. By conducting in - depth joint research on key systems with top - tier suppliers, it ensures that the whole aircraft meets strict airworthiness certification requirements.
International Cooperation: Collaborating with Safran Group, a Fortune Global 500 company, to jointly integrate its aviation power motor specifically designed for eVTOLs. This motor is the world's only eVTOL motor that has independently obtained airworthiness certification. This choice ensures the reliability and safety of the E20's power system from the source.
Domestic Collaboration: Collaborating with top domestic institutions such as Xi'an Aeronautical Computing Technique Research Institute (avionics, flight control), Funeng Technology (batteries), and Hengshen Co., Ltd. (composite materials) under the Aviation Industry Corporation of China to jointly promote key eVTOL systems to meet airworthiness - level reliability standards.
This systematic in - depth collaboration builds a solid industrial closed - loop, providing core certainty for the airworthiness certification of the E20 and its future large - scale global mass production.
Huang Yongwei, the founder and CEO of Shidi Technology, said: "China has all the conditions to become the core force in global eVTOL industrial technological innovation and commercial application. This financing will accelerate the airworthiness certification of the E20 and the construction of mass - production capabilities. Our goal is not only to make the E20 fly faster and safer but also to let the world see the maturity and reliability of the 'Chinese solution' in the field of urban air travel, enabling Chinese enterprises to gain a leading position in the global low - altitude economy competition."
Wang Weiwei, the managing partner of Meridian Capital, said: The low - altitude economy has strong economic and strategic significance for China's development and is one of the key industries Meridian focuses on. Although the industry is currently in its early stage, the path is clear. We prioritize the layout of leading enterprises in the industrial chain and core links of the industrial chain. The maturity of the enterprise's R & D airworthiness system and product safety are important considerations for our investment. Shidi Technology performs well in both aspects. The company is currently in the first echelon of airworthiness certification, and Founder Huang personally participated in the manned flight test, further enhancing our confidence in the product safety of Shidi Technology. In addition to these two points, the company's team professionalism and international positioning also impressed us deeply: The core team comes from well - known enterprises in Airbus and the new energy vehicle industry and has strong capabilities in complex system engineering design and R & D, airworthiness certification, and electric systems. At the same time, the company's international positioning represents its determination to actively participate in the global eVTOL industry competition. We are confident that the company can stand out in the global competition.