The United Arab Emirates has emerged as a crucible for innovation in urban air mobility, with the newly formed RoVTOL joint venture between Robo.ai and Ewatt Aerospace signaling a bold step toward global leadership in electric vertical take-off and landing (eVTOL) aircraft markets.
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EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (UAM) technology platform company, today announced a strategic investment totaling over US$22 million. The investors are Zhuhai Enpower Electric Co., Ltd. (“Enpower”, SZ300681), a leading Chinese provider of new energy vehicle power systems, and a strategic institutional investor from the Middle East. Both investors have agreed to a 180-day lock-up period.