EH - EHang Seeks Capital Refueling As Its Self-Flying Vehicles Inch Toward Grand Takeoff
2024-04-24 15:12:00 ET
Summary
- EHang said it plans to sell up to $100 million worth of new shares in New York, more than double the amount it raised in its 2019 IPO.
- The company is getting close to commercializing its self-flying aircraft, including its recent receipt of a regulatory certificate allowing it to mass-produce its flagship product.
- Given that EHang is seemingly quite close to commercialization, it probably will secure the new funding it needs now without much difficulty.
The maker of autonomous aerial vehicles is seeking to raise up to $100 million in a public offering of new shares. ...
EHang Seeks Capital Refueling As Its Self-Flying Vehicles Inch Toward Grand Takeoff