GAC-backed flying car startup Gaoyu raises ~$120M Series A

What's the deal? Guangdong Gaoyu TechnologyDealroom has a profile for this one. Try Dealroom →, a low-altitude mobility startup incubated by China's GACDealroom has a profile for this one. Try Dealroom → Group, has raised US$110M (roughly $120 million) in a Series A round announced in September 2026. The company develops, produces, sells, and services flying cars.

What's the endgame? Gaoyu covers the full flying-car stack — from research and development through to after-sales service. Backing from GACDealroom has a profile for this one. Try Dealroom →, one of China's largest automakers, gives it manufacturing and supply-chain reach that most eVTOL startups lack.

The signal: Chinese carmakers are betting that "low-altitude mobility" is the next frontier after electric vehicles, and Gaoyu's raise shows how quickly that capital is flowing into flying-car ventures.

Image credit: Generated with Gemini