Story perspectives

Aridge Secures $200M, Eyes Hong Kong IPO for Flying Cars

3/15/2026

Summary

Story summary

Aridge, a flying-car developer backed by Chinese EV maker Xpeng, and formerly AeroHT, has raised nearly US$200 million.
The round lifts Aridge's total equity financing to about US$1 billion, the largest for a flying-car developer in Asia, and production capacity is expanding.
Aridge has filed for a Hong Kong IPO and appointed JPMorgan Chase and Morgan Stanley as underwriters.
Existing investors, including GL Ventures and HongShan, participated in the round.

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Story summary

Aridge, a flying-car developer backed by Chinese EV maker Xpeng, and formerly AeroHT, has raised nearly US$200 million.
The round lifts Aridge's total equity financing to about US$1 billion, the largest for a flying-car developer in Asia, and production capacity is expanding.
Aridge has filed for a Hong Kong IPO and appointed JPMorgan Chase and Morgan Stanley as underwriters.
Existing investors, including GL Ventures and HongShan, participated in the round.