Fangda represented IDG and Yunfeng in the Series A round financing of HT Flying Car Inc., involving a total financing amount of approximately US$500 million
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Fangda represented IDG (as a lead investor) and Yunfeng (as a co-investor) in the Series A round financing of HT Flying Car Inc. (the “Company”), involving a total financing amount of approximately US$500 million. The Company is mainly engaged in the research, development, production and sales of flying vehicles. The transaction was announced and closed on October 28, 2021. The Fangda team on this deal was led by partners Wei Chen and Tess Lin, with the support from associates Mandy Wang, Ingrid Lai, Hanying Zhang and Grace Li. Fangda handled legal due diligence, drafting and negotiation of the transaction documents and management of the closing process.
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