Core Insights - Yiwit (Nanjing) Aviation Technology Co., Ltd. has completed over 100 million yuan in Series A financing and signed a strategic cooperation agreement with UAE-listed Robo.ai to promote eVTOL technology globally [1][2] - The rapid development of Yiwit reflects the growth of China's low-altitude economy, which was included in the national "14th Five-Year Plan" as a strategic emerging industry [1][2] - The company aims to break foreign monopolies in the eVTOL sector, with its ET9 model completing its first flight in March 2024, marking a significant milestone in domestic aviation technology [2][3] Company Development - Yiwit was founded by Ren Wenguang, who left a stable position at COMAC to pursue entrepreneurship, recognizing the emerging opportunities in the aviation sector [1][2] - The founding team has extensive experience in aircraft design and manufacturing, having worked on projects like the Y-8 series and C919, which provides a strong foundation for the company's technological advancements [2] Industry Context - The Jiangsu provincial government has issued an action plan to accelerate the high-quality development of the low-altitude manufacturing industry, aiming to establish a comprehensive industrial chain by 2027 [3] - The focus areas include low-altitude aircraft manufacturing and low-altitude information infrastructure, with an emphasis on industrial-grade drones and eVTOLs [3] - The government has highlighted the importance of low-altitude economy in its work reports, indicating strong policy support for the sector's growth [3]

Core Insights - Yiwit (Nanjing) Aviation Technology Co., Ltd. has completed over 100 million yuan in Series A financing and signed a strategic cooperation agreement with UAE-listed Robo.ai to promote eVTOL technology globally [1][2] - The rapid development of Yiwit reflects the growth of China's low-altitude economy, which was included in the national "14th Five-Year Plan" as a strategic emerging industry [1][2] - The company aims to break foreign monopolies in the eVTOL sector, with its ET9 model set to complete its first flight by March 31, 2024, marking a significant milestone in domestic aviation technology [2][3] Company Overview - Yiwit was founded by Ren Wenguang, who has nearly 20 years of experience in the aviation industry, previously working at COMAC [1][2] - The company has a strong technical team with experience in designing and manufacturing aircraft such as the Y-8 series, ARJ-21, and C919, which provides a solid foundation for its operations [2] Industry Context - The Jiangsu provincial government has actively promoted the low-altitude economy, aiming to establish a complete industrial chain by 2027, focusing on low-altitude aircraft and information infrastructure [3] - The year 2024 is anticipated to be a pivotal year for the low-altitude economy, with government reports emphasizing the development of general aviation and low-altitude economic initiatives [2][3] - Yiwit is positioning itself to leverage policy benefits and is exploring various applications such as high-frequency cargo transport, tourism, and emergency rescue [3]