AutoFlight
Tian Yu (founder & chairman)
Data verified as of Jul 17, 2026
Summary
AutoFlight (Shanghai Fengfei Aviation Technology) is a Shanghai-based eVTOL developer founded by Yuneec founder Tian Yu, with R&D and certification outposts in Augsburg, Germany and Shenzhen. It leads the world in cargo eVTOL: its autonomous 2-ton CarryAll (V2000CG) holds the complete CAAC certificate set — the world's first ton-class eVTOL type certificate (March 2024), production certificate (December 2024), and airworthiness certificate with first customer delivery (July 2025) — plus the world's first overseas eVTOL type-certificate validation, from Indonesia's DGCA in June 2026. CarryAll flies real missions, from offshore oil-platform resupply with CNOOC to mountain tea logistics in Guizhou. The passenger Prosperity, which set a 250.3 km world-record eVTOL flight in 2023 and flew the first cross-sea Shenzhen–Zhuhai demo in 2024, is in CAAC type certification, and a 5.7-ton, 10-seat V5000 'Matrix' platform entered certification in 2026. Backed by ~$100M from Team Global and a strategic investment of 'hundreds of millions of dollars' from battery giant CATL.
Main Products
Autonomous 2-ton cargo eVTOL — a carbon-fiber lift-and-cruise design with 13 propellers (10 lift + 3 pusher), 400 kg payload, 200 km/h cruise, and 200–250 km range. The world's first and only ton-class eVTOL holding the full CAAC type, production, and airworthiness certificate set.
Fully certified (TC Mar 2024, PC Dec 2024, AC Jul 2025) and in commercial operation — offshore oil-platform resupply, mountain tea logistics, emergency delivery — with the world's first overseas TC validation granted by Indonesia's DGCA in June 2026.
Passenger air-taxi variant of the V2000 platform carrying a pilot plus four passengers, with a 200 km/h cruise and 250 km range. Holder of the 2023 world-record 250.3 km eVTOL flight and the first inter-city cross-sea eVTOL demonstration (Shenzhen–Zhuhai, 2024).
CAAC type-certificate application accepted April 2024; in the compliance-verification phase as of May 2026, with the company targeting certification in 2026 and commercial passenger operations in 2027–2028. First unit delivered to a Japanese customer in April 2024 for demonstration use.
5.7-ton heavy-lift platform seating 10 passengers or carrying 1.5 tons of cargo in 14 m³, with a 280 km/h cruise and 250 km electric range — up to 1,500 km for the hybrid-electric cargo variant V5000CGH.
Completed a full transition flight (reported February 2026); the V5000CGH cargo variant entered CAAC airworthiness certification in May 2026 after a mixed-fleet formation flight.
What's Next
Prosperity passenger eVTOL type certification
The CAAC accepted the Prosperity's type-certificate application in April 2024 and the program is in the compliance-verification phase as of May 2026, with the company targeting certification in 2026. Certification would be AutoFlight's gateway from cargo into passenger flight — and would make it the second Chinese company with a certified passenger eVTOL after EHang.
Launch commercial inter-island cargo operations in Indonesia
Following the June 3, 2026 DGCA type-certificate validation — the world's first overseas eVTOL validation — AutoFlight and its Indonesian partners plan to stand up commercial inter-island cargo operations, its first overseas market. No firm start date has been announced.
Begin commercial passenger air-taxi operations
Following Prosperity certification, AutoFlight plans commercial passenger operations in 2027–2028 on high-value corridors such as the demonstrated Shenzhen–Zhuhai cross-sea route (~20 minutes vs ~3 hours by car), initially with safety pilots aboard.
Operations & Revenue
AutoFlight is the world's furthest-along cargo-eVTOL company: the 2-ton CarryAll holds the complete CAAC certificate set (TC/PC/AC), is delivering to customers, and flies real missions — offshore oil-platform resupply with CNOOC/CITIC (Aug 2025), mountain tea logistics in Guizhou (Apr 2026) — while the June 2026 Indonesian type-certificate validation opens its first overseas commercial market. The passenger Prosperity is in the compliance-verification phase of CAAC type certification, and the 5.7-ton V5000 platform flew its full transition and entered certification in H1 2026.
Revenue Streams
Cargo eVTOL Sales & Logistics Missions
Sales of the certified CarryAll to logistics and specialty operators (first delivery July 2025; ~$1.8M unit price signal) and revenue-type missions spanning offshore platform resupply, mountain logistics, and emergency delivery.
The Prosperity passenger eVTOL — pilot plus four passengers — is in CAAC type certification, with commercial air-taxi operations planned for 2027–2028 on corridors like the demonstrated Shenzhen–Zhuhai route.
Key Metrics
Employees
~300
Est. Annual Revenue
Undisclosed (private). Early commercial revenue from CarryAll sales — e.g. a $21.5M/12-aircraft deal (Feb 2025) — plus the CITIC 100-unit purchase intent; funded by the $100M Series A and CATL's undisclosed strategic round
Certifications
CarryAll: world-first ton-class cargo eVTOL TC (Mar 2024), PC (Dec 2024), AC (Jul 2025) — only ton-class eVTOL with the full CAAC set — plus world-first overseas TC validation (Indonesia DGCA, Jun 2026)
Timeline
The 10-seat, 5.7-ton V5000 completes a full transition flight (reported February 2026) and its hybrid cargo variant V5000CGH enters CAAC airworthiness certification in May after a mixed-fleet formation flight. In April, CarryAll performs China's first 2-ton eVTOL tea-delivery operation — 120 km over Guizhou mountains in 37 minutes.
On June 3, 2026, Indonesia's DGCA validates the CarryAll's CAAC type certificate — the first time any eVTOL type certificate has been validated by an overseas regulator — clearing the path for commercial inter-island cargo operations in Indonesia.
On July 21, 2025 the CarryAll receives its airworthiness certificate and the first unit is delivered to Heli Chuangxing Intelligent — making it the only ton-class eVTOL holding the full TC+PC+AC set. On August 3 it flies the world's first 2-ton eVTOL offshore oil-platform mission: 150 km from Shenzhen to CNOOC's Huizhou 19-3 platform in 58 minutes with 400 kg of supplies.
In February 2024 Prosperity flies the ~50 km Shenzhen–Zhuhai route across the Pearl River Delta autonomously in about 20 minutes — the world's first inter-city, cross-sea eVTOL demonstration. Weeks later the CAAC grants the CarryAll (V2000CG) the world's first type certificate for a ton-class cargo eVTOL, and in April AutoFlight delivers its first Prosperity to a Japanese customer and files the Prosperity's own TC application.
In August 2024 battery giant CATL makes an exclusive strategic investment of 'hundreds of millions of dollars' with joint aviation-battery R&D. On December 24, the CAAC grants the world's first production certificate for a 2-ton-class eVTOL, authorizing CarryAll series production.
Tian Yu — who previously founded drone maker Yuneec and holds 300+ aviation patents — founds AutoFlight in Shanghai to build autonomous eVTOLs, initially for logistics. (Some sources date the founding to 2017; the Shanghai Fengfei legal entity was registered in 2019.)