2025Q3低空经济融资报告：早期项目成“吸金”主力，千万级、亿元级项目成焦点

Core Insights - The low-altitude economy in China is experiencing a "golden window period" for investment and financing, with a total of 96 financing events and a cumulative amount of 9.901 billion yuan in the third quarter of 2025, indicating strong development momentum in the industry [2][18] Financing Activity - Early-stage projects are the focus of capital, with Pre-A round financing leading with 19 events, followed by 15 angel rounds and 13 A rounds, reflecting strong interest in innovative and promising startups [5] - Strategic investments are also notable, with 14 events, indicating industrial capital's intent to integrate resources and position itself strategically within the low-altitude economy [5] - Later financing rounds (B and beyond) show fewer events, suggesting increased difficulty in securing funding as companies mature, with B rounds at 8 events and B+ rounds at 7 events [5] Regional Distribution - Beijing and Guangdong are the leading regions for financing activity, with 22 and 21 events respectively, benefiting from technological innovation resources and supportive industrial policies [8] - Other regions like Jiangsu (13 events), Anhui (9 events), and Shanghai and Zhejiang (8 events each) also show significant financing activity, contributing to a multi-regional development pattern in the low-altitude economy [8] Project Scale - Financing events of over 100 million yuan are prominent, with 16 events in this category and 23 events in the tens of millions, indicating a preference for projects with substantial scale and growth potential [11] - Only 4 events were in the million yuan range, highlighting a trend towards larger, more mature projects receiving capital [11] Hotspot Areas - The financing hotspots are centered around drones and eVTOL (electric vertical takeoff and landing) aircraft, with significant capital flow into related upstream technologies such as chips, engines, and batteries [14][15] - Downstream applications like low-altitude agriculture and logistics are also seeing financing activity, showcasing a comprehensive development across the entire industry chain [15] Top Financing Events - The top 10 financing events include significant investments in electric vertical takeoff aircraft and drone platforms, with companies like Volant Aviation and Tianqing Aerospace receiving hundreds of millions in funding [16][17] - Other notable projects include flying cars and smart drone systems, with funding rounds concentrated in the hundreds of millions, indicating strong market confidence in these sectors [17] Overall Trends - The third quarter of 2025 shows a vibrant financing landscape in the low-altitude economy, transitioning from conceptual exploration to industrial implementation, supported by continuous technological innovation and expanding application scenarios [18]