HT Aero, a Chinese company that is developing flying cars, has raised US$500 million from a clutch of investors, the most for any urban air transport start-up in Asia.The Guangzhou-based firm, an affiliate of Xpeng Motors, said it is trying to get its vehicles certified as airworthy by regulators. Unlike many of its rivals who are aiming for corporate customers, HT said it will target individuals and hopes to launch its first flying car commercially in 2024.“Our mission has always been to…
