Core Viewpoint - Blue Sky Aviation Technology (Jinan) Co., Ltd. is focused on developing and manufacturing large-range tilt-rotor eVTOL aircraft, aiming to reshape the air cargo market and promote high-end, intelligent, and green development in the aviation manufacturing industry [3][6]. Funding and Company Background - Blue Sky Aviation has recently completed several rounds of angel financing, raising tens of millions of yuan, with funds allocated for aircraft product development [3]. - The company was established in June 2024 and positions itself as the first manufacturer of range-extended tilt-rotor eVTOL aircraft in China [3]. Product Development and Technology - The first product, the Blue Sky LX-1, is set to complete design, production, and test flights within the year [2][12]. - The LX-1 utilizes a tilt-rotor configuration combined with a range-extended power system, which is deemed more efficient and reliable for aircraft over one ton in takeoff weight [6][7]. - The LX-1 can achieve a maximum takeoff weight of 2.5 tons, a flight duration exceeding 5 hours, and a range of 1000 kilometers, with a maximum payload close to one ton [7]. Market Potential and Strategy - The global logistics eVTOL market is projected to grow from $20.4 million in 2024 to over $168.2 million by 2031, with a compound annual growth rate of 35.7% [10]. - Blue Sky Aviation aims to address the trade-off between speed and cost in air cargo, providing a more cost-effective solution through technological innovation and operational optimization [10][11]. - The company plans to implement a cross-regional strategy focusing on intercity, island, mountainous, and both long and short-distance cargo transport [11]. Team and Expertise - The CEO, Wang Gang, has 17 years of experience in UAV design and development, previously leading projects for popular UAV models [12]. - The technical team comprises experts from the China Aerospace Aerodynamics Technology Research Institute, ensuring strong capabilities in various fields related to aircraft design and control systems [11][12].