商业路线上，御风未来遵循"先载货后载人、先隔离后融合、先远郊后城区"的务实路径，预计2026年下半年推进大型eVTOL的商业化，短期内打造应急消 防、物流运输及其他非载人行业应用解决方案并牵引低空基础设施建设，计划2028年左右完成载人适航取证工作，逐步推进载人运营商业化进程。 御风未来2吨级eVTOL M1 今年11月，在第八届中国国际进口博览会上，中国银行旗下中银金融租赁有限公司（简称"中银金租"）、中国银行上海市分行与御风未来达成战略合作。 其中，中银金租拟向御风未来意向采购100架M1载人飞行器。三方将深化在低空经济领域的战略布局，携手探索中国eVTOL全球化、低空产业链及应用场 景的共建。 本轮资金将主要用于持续推进公司自主研发的大型电动垂直起降飞行器M1适航机型的测试与试飞验证、适航审定等重要进程，加速M1在应急救援、物流 运输、交通设施巡检、低空出行等应用场景的落地及商业化进程。 公开资料显示，本轮融资的领投方航投基金，是根据《国务院关于促进民航业发展的若干意见》要求设立的主体多元化的股权投资基金管理机构。其采 用"基金投资+实体运营"双轮驱动的运营模式：在基金投资端，聚焦于民航及低空经济全产业 ...

Core Insights - The domestic low-altitude economy is entering a stable phase, with a decrease in financing and attention, yet leading eVTOL manufacturers continue to announce large orders, with total disclosed order amounts exceeding 10 billion [1] - Yufeng Future has showcased its 2-ton eVTOL M1 and signed a 100-unit intention order agreement with AVIC Leasing, with a cooperation scale exceeding 1 billion [1] - The company has established strategic partnerships with state-owned platforms in Shanghai and Guangdong to create replicable low-altitude economic demonstration models [1] Company Development - Yufeng Future has three growth curves: small and medium-sized eVTOLs (industrial-grade drones), large cargo eVTOLs, and large manned eVTOLs [1] - The company has achieved stable revenue and profit growth, with expectations of 50% to 100% annual growth over the next 3 to 5 years [2] - The company has patented a "foldable rotor vertical take-off and landing fixed-wing aircraft" and has successfully commercialized it [5] Product and Technology - Yufeng Future has developed four mass-produced small and medium-sized vertical take-off and landing fixed-wing drones, widely used in various fields such as public security, emergency response, and logistics [7] - The E05A drone has a maximum flight time exceeding 7 hours and can withstand winds of up to 6 and 8 levels during takeoff and cruising, respectively [8] - The E6A medium drone has completed over 6,700 missions overseas, with a total flight time exceeding 12,000 hours and a total flight distance exceeding 1.1 million kilometers [11] Market Strategy - The company is focusing on commercializing large cargo eVTOLs, with plans to explore applications in emergency rescue, logistics, and medical assistance [19] - Yufeng Future follows a "first cargo, then passenger" strategy for eVTOL commercialization, aiming to address emergency rescue and logistics issues before advancing to urban air mobility [19] - The company has achieved significant market share and reputation in the industrial drone sector, ranking high in national emergency aviation project bids [23] Financial Performance - Yufeng Future has successfully completed over 400 million in financing, with a recent Pre-B round of over 200 million expected to be completed by September 2024 [24] - The company aims to leverage China's eVTOL innovations to achieve "accessible aerial travel for everyone" within the next 3 to 5 years [25]