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How will Vertaxi’s flying taxi impact regional transportation in densely populated areas? Chinese eVTOL company VERTAXI has raised $29 million in a new financing round, bringing its total funding to over $57 million. The funds will support research and development, testing, and certification of The Matrix 1 (M1), a five-passenger flying taxi with a range of 150 miles. After debuting in Shanghai, the M1 aims to transform commutes, potentially reducing a three-hour drive to just 30 minutes. Led by Zhongshan Venture Capital, the funding round includes investments from Shanghai Jinshan District, Binfu Capital, and others. Vertaxi plans to expand its operations in the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta, with Longhao Aviation Industry Investment Co. expressing interest in purchasing 15 M1 units for freight logistics. What role do you think eVTOL technology will play in China’s urban transportation? Read the full article on our blog for more insights: https://lnkd.in/g9URcmCx #Vertaxi #eVTOL #TheMatrix1 #AviationInnovation #ZhongshanVentureCapital #UrbanAirMobility #ChinaAviation #AerospaceTechnology #AvfoilNews #SustainableTransport #FlyingTaxi #AirMobility #GreaterBayArea #ElectricAviation #RegionalTransport

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Thank you for the mention! We are excited about our progress in developing cutting-edge eVTOL technology and appreciate everyone's attention. Together, we're driving innovation in urban air mobility and shaping the future of the low-altitude economy. Looking forward to reaching new heights in the mobility industry. Please follow us for more updates! #Vertaxi #eVTOL #Innovation #UrbanAirMobility

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