华映资本投资，eVTOL头部企业「时的科技」完成3亿元B++轮融资，加速领跑低空经济全球新赛道

Core Insights - The financing represents the first large-scale investment in the low-altitude economy following the "14th Five-Year Plan," highlighting both government support and market recognition of the company's tilt-rotor technology and commercial potential [1][4]. Company Overview - The company, established in 2021, focuses on tilt-rotor technology as the optimal path for urban air mobility (UAM), aiming to avoid technological trial-and-error risks and achieve key breakthroughs [4]. - The E20 model, developed by the company, features a cruising speed of 320 km/h, a range of 200 km, and a payload capacity of 450 kg, establishing a solid economic foundation for large-scale commercial operations [5]. Engineering Maturity - The E20 has completed over 1,000 test flights, including the world's first eVTOL multi-passenger flight with the CEO onboard, demonstrating high stability and engineering maturity [6]. - The E20 is currently in the compliance verification stage, laying the groundwork for certification by 2027 [6]. International Market Expansion - In July 2025, the company signed a procurement agreement for 350 units worth $1 billion with UAE's Autocraft, setting a record for the largest overseas order in China's eVTOL sector [7]. Industrial Collaboration - The company has established a supply chain system aligned with global aviation standards, collaborating with top suppliers to ensure compliance with stringent certification requirements [8]. - Partnerships include working with Safran Group for eVTOL-specific aviation power motors, which is the only eVTOL motor that has independently achieved certification [8]. - Domestic collaborations involve leading institutions like AVIC Xi'an Aircraft Industry Group and other top firms to enhance the reliability of eVTOL systems [8]. Investment Perspective - Investors recognize the low-altitude economy's strong economic and strategic significance for China, with a focus on core enterprises and critical industry segments [9]. - The company's maturity in certification systems and product safety are key investment considerations, with the founder's involvement in test flights enhancing confidence in product safety [9]. - The core team, with backgrounds from Airbus and renowned electric vehicle companies, possesses strong capabilities in complex system design, certification, and electric systems, reinforcing the company's international competitiveness [9].