EHang Announces Over US$22 Million PIPE Investment From Strategic Investors Including Enpower
EHang Holdings announced a strategic investment of over US$22 million from Zhuhai Enpower Electric and a UAE-based strategic institutional investor. Both investors agreed to a 180-day lock-up period. Enpower's investment builds on their partnership to co-develop electric motor drive systems for EHang's eVTOL aircraft. The UAE investor, representing one of EHang's largest international markets with 100 units ordered and 5 delivered, will support expansion in the Middle East and Southeast Asia. This brings EHang's total 2024 financing to nearly US$100 million. The funds will support next-generation technologies, production scaling, team expansion, new facilities, and corporate activities.
EHang Holdings ha annunciato un investimento strategico di oltre 22 milioni di dollari USA da parte di Zhuhai Enpower Electric e di un investitore istituzionale strategico basato negli Emirati Arabi Uniti. Entrambi gli investitori hanno concordato un periodo di lock-up di 180 giorni. L'investimento di Enpower si basa sulla loro partnership per co-sviluppare sistemi di azionamento elettrico per gli aerei eVTOL di EHang. L'investitore degli UAE, che rappresenta uno dei più grandi mercati internazionali di EHang con 100 unità ordinate e 5 già consegnate, supporterà l'espansione in Medio Oriente e nel Sud-Est asiatico. Questo porta il finanziamento totale di EHang per il 2024 a quasi 100 milioni di dollari USA. I fondi supporteranno tecnologie di prossima generazione, scalabilità della produzione, espansione del team, nuove strutture e attività aziendali.
EHang Holdings anunció una inversión estratégica de más de 22 millones de dólares estadounidenses por parte de Zhuhai Enpower Electric y un inversionista institucional estratégico con sede en los Emiratos Árabes Unidos. Ambos inversionistas acordaron un período de bloqueo de 180 días. La inversión de Enpower se basa en su asociación para co-desarrollar sistemas de accionamiento eléctrico para las aeronaves eVTOL de EHang. El inversionista de los Emiratos, que representa uno de los mayores mercados internacionales de EHang con 100 unidades ordenadas y 5 entregadas, apoyará la expansión en Medio Oriente y en el Sudeste Asiático. Esto eleva el financiamiento total de EHang para 2024 a casi 100 millones de dólares estadounidenses. Los fondos apoyarán tecnologías de próxima generación, escalado de producción, expansión del equipo, nuevas instalaciones y actividades corporativas.
EHang Holdings는 Zhuhai Enpower Electric와 아랍 에미리트 기반의 전략적 기관 투자자로부터 2천 2백만 달러 이상의 전략적 투자를 발표했습니다. 두 투자자는 180일의 잠금 기간에 동의했습니다. Enpower의 투자는 EHang의 eVTOL 항공기용 전기 모터 구동 시스템을 공동 개발하기 위한 파트너십을 기반으로 하고 있습니다. 아랍 에미리트 투자자는 100대가 주문되고 5대가 납품된 EHang의 최대 국제 시장 중 하나를 대표하며, 중동 및 동남아시아로의 확장을 지원할 것입니다. 이는 EHang의 2024년 총 자금을 거의 1억 달러에 이르게 합니다. 이 자금은 차세대 기술, 생산 규모 확대, 팀 확장, 새로운 시설 및 기업 활동을 지원할 것입니다.
EHang Holdings a annoncé un investissement stratégique de plus de 22 millions de dollars de la part de Zhuhai Enpower Electric et d'un investisseur institutionnel stratégique basé aux Émirats Arabes Unis. Les deux investisseurs ont convenu d'une période de blocage de 180 jours. L'investissement d'Enpower s'appuie sur leur partenariat pour co-développer des systèmes de propulsion électrique pour les aéronefs eVTOL d'EHang. L'investisseur des Émirats représente l'un des plus grands marchés internationaux d'EHang avec 100 unités commandées et 5 livrées, et soutiendra l'expansion au Moyen-Orient et en Asie du Sud-Est. Cela porte le financement total d'EHang pour 2024 à près de 100 millions de dollars. Les fonds soutiendront les technologies de prochaine génération, l'extension de la production, l'expansion de l'équipe, de nouvelles installations et des activités d'entreprise.
EHang Holdings gab eine strategische Investition von über 22 Millionen US-Dollar von Zhuhai Enpower Electric und einem strategischen institutionellen Investor aus den VAE bekannt. Beide Investoren stimmten einer Sperrfrist von 180 Tagen zu. Die Investition von Enpower baut auf ihrer Partnerschaft zur gemeinsamen Entwicklung elektrischer Antriebssysteme für EHang's eVTOL-Flugzeuge auf. Der VAE-Investor, der einen der größten internationalen Märkte von EHang mit 100 bestellten und 5 gelieferten Einheiten repräsentiert, wird die Expansion im Nahen Osten und in Südostasien unterstützen. Dies bringt die Gesamtfinanzierung von EHang für 2024 auf fast 100 Millionen US-Dollar. Die Mittel werden die Entwicklung von Technologien der nächsten Generation, Produktionssteigerung, Teamerweiterung, neue Einrichtungen und Unternehmensaktivitäten unterstützen.
- Secured over US$22 million in strategic investment
- Total year-to-date financing reaches nearly US$100 million
- Strong UAE market presence with 100 units ordered
- Strategic partnership for eVTOL motor drive systems development
- Expansion into Middle East and Southeast Asia markets
- Only 5 units delivered out of 100 ordered in UAE market
Insights
This
The UAE market shows promising traction with a substantial order book of 100 units and 5 units already delivered. This financing strengthens EHang's balance sheet and provides capital for scaling production, R&D and international expansion. For a company with a
The strategic partnership with Enpower is important for EHang's technological advancement in electric motor drive systems - a critical component for eVTOL performance and reliability. This vertical integration approach through partnership rather than acquisition is capital-efficient and reduces supply chain risks. The focus on high-performance motor systems suggests EHang is prioritizing aircraft performance improvements, which is essential for commercial viability in the emerging UAM market.
The establishment of new headquarters and operation sites indicates EHang is preparing for commercial scale operations. This infrastructure expansion, combined with the technology development initiatives, positions EHang to potentially capture early market share in the nascent eVTOL industry.
GUANGZHOU, China, Nov. 14, 2024 (GLOBE NEWSWIRE) -- 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
The strategic investment from Enpower is based on its recently announced long-term strategic partnership and technology development cooperation with EHang, aimed at co-developing high-performance electric motor drive systems for EHang’s suite of electric vertical take-off and landing (“eVTOL”) aircraft.
Additionally, the strategic investment from the United Arab Emirates (“UAE”)-based investor reflects their optimism in China's emerging low-altitude economy industry and EHang's growth potential as a global eVTOL leader. The UAE represents one of EHang’s largest international markets with an intentional order book of 100 units with five units delivered. This investor will utilize their extensive financial and business network to assist in EHang’s international expansion in other countries in the Middle East as well as in Southeast Asia.
This strategic investment brings EHang’s total year-to-date financing to nearly US
Mr. Conor Yang, Chief Financial Officer of EHang, commented, “We are pleased to announce the strategic investment, which is a testament to the investors’ confidence in EHang’s vision, strength and industry leadership. With this investment, we are well-positioned to capitalize on the vast opportunities in the UAM market and accelerate our development pace. Additionally, the strategic investors’ support in the upstream industry chain and in downstream international market development will help us to strengthen our competitive edge. We will continue to push the boundaries of innovation, safety, and sustainability, and work towards making UAM a reality for people around the world.”
About EHang
EHang (Nasdaq: EH) is the world’s leading urban air mobility (“UAM”) technology platform company. Our mission is to enable safe, autonomous, and eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with unmanned aerial vehicle (“UAV”) systems and solutions: air mobility (including passenger transportation and logistics), smart city management, and aerial media solutions. EHang’s flagship product EH216-S has obtained the world’s first type certificate, production certificate and standard airworthiness certificate for pilotless eVTOL issued by the Civil Aviation Administration of China. As the forerunner of cutting-edge UAV technologies and commercial solutions in the global UAM industry, EHang continues to explore the boundaries of the sky to make flying technologies benefit our life in smart cities. For more information, please visit www.ehang.com.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Statements that are not historical facts, including statements about management’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to those relating to certifications, our expectations regarding demand for, and market acceptance of, our products and solutions and the commercialization of UAM services, our relationships with strategic partners, and current litigation and potential litigation involving us. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements involve risks and uncertainties that may cause EHang’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.
Media Contact: pr@ehang.com
Investor Contact: ir@ehang.com
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