Geely-Backed eVTOL Maker Aerofugia Begins Pre-IPO Tutoring for China's A-Share Listing

Key Takeaways

• Aerofugia signs CSC Financial tutoring for Shanghai STAR IPO
• Geely-backed eVTOL raised ~¥1bn ($146m) in February
• AE200‑100 electric aircraft has 1,000+ order backlog
• Type certification targeted for 2026‑27, enabling trials
• Funds allocated to certification, HQ, commercial mobility build‑out

Summary

Aerofugia Technology, the Geely‑backed eVTOL developer, has signed a tutoring agreement with CSC Financial to prepare for a Shanghai STAR Market IPO. The move follows a February funding round that raised nearly 1 billion yuan (≈ $146 million). The company recently rolled out the AE200‑100, China’s first pure‑electric passenger aircraft, which already has over 1,000 commercial orders. Aerofugia aims to secure type certification by 2026‑27 and commence small‑scale commercial trials thereafter.

Pulse Analysis

China’s urban air mobility sector is gaining momentum as government‑backed markets like Shanghai’s STAR Market provide a Nasdaq‑style platform for high‑tech firms. Aerofugia’s decision to engage CSC Financial for pre‑IPO tutoring reflects a broader trend of eVTOL companies seeking public listings to fund rapid development cycles. The STAR Market’s focus on innovative, capital‑intensive industries offers Aerofugia a regulatory environment conducive to scaling its low‑altitude electric aircraft while leveraging Geely’s automotive expertise and supply chain.

The AE200‑100, unveiled in September 2025, showcases the technical progress of Chinese eVTOLs. With a 200‑kilometre range, lower operating costs than comparable helicopters, and a backlog exceeding 1,000 orders, the aircraft targets business travel and aeromedical missions. Aerofugia’s roadmap aims for type certification between 2026 and 2027, a critical hurdle that will unlock commercial trial flights and demonstrate safety compliance to regulators and potential airline partners. The recent ¥1 billion capital injection is earmarked for certification processes, establishing a global headquarters, and expanding the commercial low‑altitude mobility business.

For investors and industry observers, Aerofugia’s IPO preparation signals confidence in the commercial viability of eVTOL services. Successful certification could catalyze a new segment of intra‑city and regional transport, reducing congestion and offering faster point‑to‑point connections. Moreover, the backing of Geely and the involvement of a domestic investment bank underscore a growing ecosystem that blends automotive innovation with aerospace ambitions, positioning China as a competitive player in the global urban air mobility race.