2025年度低空融资报告：千亿资本涌入，eVTOL 引领产业腾飞丨低空融资

Group 1 - The year 2025 is identified as a "capital explosion year" for the low-altitude economy, with a total of 150 financing events monitored throughout the year [1] - Financing activity was low from January to July 2025, with a significant increase starting in August, peaking in November with 34 events [1] - Early-stage financing (Angel, Pre-A, A rounds) accounted for 58% of the total, indicating a rapid growth phase in the industry [3] Group 2 - The "billion-dollar club" includes 32 companies, which collectively accounted for 40% of the total financing amount, highlighting a significant head effect [4] - The Yangtze River Delta region leads nationally in financing events, with Zhejiang, Shanghai, and Jiangsu forming a "low-altitude triangle" that accounts for 40% of the total [5] Group 3 - The most active investment institution in the low-altitude financing sector was Junshan Capital, participating in 5 financing events [10] - The eVTOL (electric Vertical Take-Off and Landing) sector was the core area with 42 financing events, representing 27% of the total, while the drone sector had 38 events, accounting for 24% [11] Group 4 - The capital frenzy in 2025 laid a solid industrial foundation for the low-altitude economy, with expectations for a shift to a "technology + market" dual-driven model in 2026 [15]