Low-Altitude Economy Startup Flightwin Completes Hundreds of Million RMB in Financing

Flightwin, a leading heavy-lift drone company in China, announced the completion of several hundred million RMB in B++ round financing in December 2024. This round of financing was jointly invested by the Beijing Commercial Space and Low-Altitude Economy Fund, Liangxi Sci-tech Innovation Industry Mother Fund (managed by Bohua Capital), Hainan and Cheng Aerospace Industry Fund (Shandong Industrial Investment), Chengxin Aerospace Low-Altitude Fund, and Shoufa Development Relay Fund. Yuanhang Capital, as an existing shareholder, also continued to increase its investment.

As a leading company in the low-altitude economy industry's complete aircraft chain, Hangjing Innovation was founded in 2008 and is headquartered in Beijing. The company is a supplier of heavy-lift unmanned helicopter system solutions, with full capabilities in research and development, production, testing, flight testing, delivery, training, and service. Its products feature "dual-use for military and civilian purposes, multiple types with one aircraft, and series development" and have been widely applied in various fields such as forest firefighting, emergency communication, material delivery, and national defense security, with multiple aircraft types already in mass delivery.

In terms of technology, Hangjing Innovation has now overcome key engine technologies such as the 180kW turboshaft and 300kW turbogenerator hybrid power systems, forming core products like the WZ-180 turboshaft engine and the WD-300E turbogenerator hybrid system.

Today, Hangjing Innovation has achieved mature commercial applications in military-civilian dual-use scenarios, including forest fire extinguishing, emergency communication, material transport, blue-force training, and aerial rescue. The company has also expanded into overseas civilian markets in more than 30 countries in regions like the Middle East, Africa, and Southeast Asia, and plans to accelerate its global expansion through strategic cooperation, product exports, and local services.

Following this round of financing, the company will increase investments to expand production facilities, upgrade production and testing equipment, and enhance production lines to meet the growing demand for heavy-lift unmanned helicopters in the market. Going forward, the team will focus on intelligent, modular, and collaborative development directions to create a full product matrix covering multiple industries and scenarios, continuously expanding the deep application of drones in key areas such as emergency rescue, logistics transportation, forest firefighting, and national security.

Wang Wei, the founder of Hangjing Innovation, stated: “Completing the B++ round financing is not only an important milestone in the company's development, but it also marks a critical step forward in the global unmanned systems field. This round of financing will inject strong momentum into the company, enabling us to accelerate progress in technological depth, industrial breadth, and global layout.”