Core Insights - In May 2025, the low-altitude economy sector experienced 20 financing events, totaling 1.173 billion RMB, marking the second-highest financing month of the year after March [2][16] Financing Overview - A total of 14 financing events in May were from early-stage rounds (Angel and A rounds), accounting for 70% of the total [5] - The most frequent financing rounds were Angel rounds (8 events) and A rounds (6 events), leading the first tier, while B, C+, D, D+, E rounds, and strategic investments each had 1 event, placing them in the second tier [5] Regional Distribution - Nine regions across the country participated in financing activities, with the focus on Guangdong, Jiangsu, Beijing, and Zhejiang, which collectively accounted for 70% of the events [8] - Jiangsu, Beijing, and Sichuan saw an increase in financing events compared to April, with Jiangsu and Sichuan each adding 1 event and Beijing adding 2 [8] - Guangdong and Jiangsu led with 4 events each, while Zhejiang and Beijing had 3 events each, and Sichuan had 2 events [8] Financing Amounts - In May, there was 1 financing event at the billion RMB level (5% of total), 7 events at the million RMB level (35%), and 12 events with undisclosed amounts [11] - Compared to April, both the number and amount of financing increased, with million RMB financing remaining a popular tier [11] Sector Focus - Financing hotspots in May were concentrated in the upstream and midstream sectors, including areas such as aviation engines, optoelectronic devices, low-altitude safety systems, and eVTOLs [14] - The downstream sector included aerial digital imaging and integrated scenario service providers, indicating a diversified trend across the entire industry chain [14] Notable Financing Events - Key financing events included: - Yunsheng Intelligent raised 500 million RMB in a D round [15] - Shangfei Aviation and Weifen Zhifei each raised several million RMB in Angel rounds [15] - Muwu Intelligent, an aerial digital imaging service provider, also secured funding in an A round [15] Conclusion - Overall, the financing situation in the low-altitude economy in May showed an increase compared to April, with the number and amount of financing being the second strongest of the year after March [16]