Dream Chaser Aerospace Technology closes Series A+ round of hundreds of millions of yuan led by Hangzhou Industrial Group, setting a new record in China's hybrid eVTOL sector.
Amount Raised
¥100 Million
Round Type
Series A
Investors
Description
Dream Chaser Aerospace Technology, a Hangzhou-based hybrid tilt-rotor eVTOL company, has officially closed a Series A+ financing round led by Hangzhou Industrial Group and its subsidiary Hangzhou Low-altitude Economy Co., Ltd. The round includes follow-on investments from Xiaoshan Venture Capital Fund, Caitong Capital, Buhu Venture Capital, Qianhai Ark, SDIC Taikang Trust, Aviation Investment Fund, and Xiaochi Capital. This represents the largest single financing in the company's history and sets a new single-round financing record in China's hybrid eVTOL sector. The company, founded by post-90s Tsinghua alumnus Cai Wenkuan, has accumulated nearly 800 million yuan in total financing to date.
Quick answer
Dream Chaser Aerospace Technology raised ¥100 Million in a Series A round, dated September 3, 2026. Investors: Xiaochi Capital, Buhu Venture Capital, Qianhai Ark, Xiaoshan Venture Capital Fund, Caitong Capital, SDIC Taikang Trust, Aviation Investment Fund and Hangzhou Industrial Group.
- How much did Dream Chaser Aerospace Technology raise?
- Dream Chaser Aerospace Technology raised ¥100 Million in a Series A round on September 3, 2026.
- Who invested in Dream Chaser Aerospace Technology?
- Xiaochi Capital, Buhu Venture Capital, Qianhai Ark, Xiaoshan Venture Capital Fund, Caitong Capital, SDIC Taikang Trust, Aviation Investment Fund and Hangzhou Industrial Group are named as investors in this round.
- What does Dream Chaser Aerospace Technology do?
- Dream Chaser Aerospace Technology is a Hangzhou-based company specializing in hybrid tilt-rotor eVTOL (electric vertical takeoff and landing) aircraft, filling a gap in China's low-altitude economy sector.
Source: Fundz verified event record.
Who else raised in Transportation and Aerospace around the same time
Companies in the same sectors as Dream Chaser Aerospace Technology that raised within 45 days of this round, from Fundz verified event records.
- Qifei Aviation Technology (Suzhou) Ltd raised $16M on October 9, 2026.
- The Xtreme Group raised an undisclosed amount on September 22, 2026.
- Stoke Space raised $1B (Series E) on September 8, 2026.
- Poseidon Aerospace raised $60M (Series A) on September 8, 2026.
- Infinite Aerospace raised an undisclosed amount (Series A) on August 14, 2026.
- Hertz Global Holdings raised $81M (Funding Round) on October 16, 2026.
Who to call at Dream Chaser Aerospace Technology, and when
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