Vertaxi

Based in Shanghai, China, and established in 2021, Yufeng Future Flight Technology (Guangdong) Co. , Ltd. , trading as Vertaxi, operates as an electric vertical takeoff and landing vehicle supplier that focuses on vertical takeoff and landing fixed-wing aircraft R&D. It has a subsidiary named Fukun Airlines.

The CEO and founder, Ling Xie, graduated from the Beijing University of Aeronautics and Astronautics and has 7 years of experience in COMAC. The company has R&D, flight test and other bases in Shanghai and the Guangdong-Hong Kong-Macao Greater Bay Area. In December 2025, Vertaxi raised CNY 100 million in venture funding led by new investor Aviation Investment Fund. Based on flight control and inertial navigation algorithm, and multi-physical simulation technologies, the company provides vertical takeoff and landing fixed-wing aircraft, and three-dimensional traffic air travel solutions.

Their industrial drone brand Fokun can be used to validate key algorithms and software toolchains, accumulate flight data, and test core avionics, and it has been sold to the Middle East and used in security patrol, emergency rescue, geographic mapping, and material delivery. The company’s revenue is generated by providing electric vertical take-off and landing aircraft. The latest round of funding will be primarily used to continue advancing the testing and flight verification, as well as airworthiness certification, of the company's independently developed large electric vertical take-off and landing (eVTOL) aircraft, the M1. It will also accelerate the deployment and commercialization of the M1 in application scenarios such as emergency rescue, logistics transportation, infrastructure inspection, and low-altitude urban mobility.