Startup Fundraising

Worthy Aerotech Raises Seed for Hydrogen Hybrid eVTOLs

Chinese startup Worthy Aerotech secures seed funding from Minyin International to develop long-range hydrogen-hybrid eVTOLs, challenging pure-electric dominance.

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Alvaro de la Maza

Partner at Aninver

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Key Takeaways

  • 華喜航空 (Worthy Aerotech) raised a new round (Seed) from 民銀国際 (Minyin International).
  • Sector: Aerospace & Defense, Cleantech & Climatech, Green Mobility.
  • Geography: China.

Analysis

In a strategic divergence from the prevailing pure-electric trajectory in the electric vertical takeoff and landing (eVTOL) sector, Chinese startup Worthy Aerotech has secured seed funding to advance its novel hydrogen-hybrid propulsion system. The company announced it raised a seven-figure sum in Chinese Yuan (equivalent to tens of millions of USD) from Minyin International. This capital infusion is earmarked for critical areas including core technology development, prototype testing, airworthiness certification, and eventual commercial deployment.

Founded in March 2025 by aerospace engineer Zhang Xin, a graduate of Nanjing University of Aeronautics and Astronautics and formerly associated with Tsinghua University's spray combustion and propulsion research, Worthy Aerotech positions itself as a pioneer in the global eVTOL market with its unique hybrid approach. Unlike many competitors focusing on short-range "flying taxi" applications, Worthy Aerotech is targeting longer-duration, extended-range missions. Their design integrates a hydrogen gas turbine generator with battery power, a configuration they claim is the world's first for eVTOLs.

The fundamental advantage of Worthy Aerotech's strategy lies in the inherent energy density of hydrogen. Zhang Xin highlights that hydrogen offers approximately 100 times the energy output per kilogram compared to current lithium-ion batteries. This physical property, he argues, is not a matter of incremental design optimization but a fundamental differentiator enabling significantly greater operational range. While typical pure-electric eVTOLs offer a practical range of around 150-160 kilometers, Worthy Aerotech anticipates an operational radius exceeding 800 kilometers for its 2.5-ton class aircraft. This extended reach could unlock new market segments, potentially quadrupling the operational radius compared to battery-electric counterparts.

Furthermore, the economic proposition is compelling. The company projects that its per-seat-kilometer operating cost will be on par with, or even lower than, conventional ride-hailing services, making it a competitive option for commercial operations. Addressing the technical hurdles of hydrogen storage and thermal management, Worthy Aerotech has developed proprietary hydrogen gas turbine generation systems. A key innovation involves utilizing turbine exhaust heat to vaporize and pre-heat the hydrogen fuel, thereby enhancing overall energy efficiency. With industrial byproduct hydrogen currently priced around 10 Yuan per kilogram (approximately $1.40 USD), and projections for green hydrogen costs to approach this level within two to three years, the fuel economics appear increasingly favorable.

Worthy Aerotech is pursuing a phased development and validation strategy, progressing through 1/8, 1/4, 1/2, and full-scale demonstrator aircraft. The 1/8 scale model has already completed over 1,000 test flights, validating flight control algorithms and safety protocols for partial power unit failures. A particularly noteworthy development is the 1/4 scale demonstrator, the WorthyAero R1, a single-seat, ultra-light sport eVTOL. Its smaller size simplifies airworthiness certification processes across major markets like China, the US, and Europe, accelerating commercialization pathways. The company has already garnered significant interest, with pre-orders for dozens of units from tourism and luxury sector clients in regions including China's Hainan province, Canada, and Russia, projecting substantial revenue from the R1 alone in 2026.

The company's go-to-market strategy involves a gradual progression from cargo to passenger transport. The 2.5-ton cargo variant is envisioned for logistics in remote areas, industrial sites like power plants and mines, and offshore operations where conventional transport is challenging. Passenger eVTOL applications will initially focus on emergency medical services and tourism, with a roadmap to expand into inter-city transportation. The 1/2 scale demonstrator is slated for prototype completion in 2026 and certification in 2027, while the 2.5-ton cargo eVTOL aims for certification between 2027 and 2028. Zhang Xin emphasizes that market success hinges not just on technological feasibility or early flight demonstrations, but on establishing a viable business model, stating, \"The ultimate winner in the low-altitude economy will be the one who can establish a business, not just the one who flies first.\"