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EHang Seeks Capital Refueling As Its Self-Flying Vehicles Inch Toward Grand Takeoff

Benzinga · Apr 24 12:08

EH -5.13%

Key Takeaways:

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

By Warren Yang

EHang Holdings Ltd.(NASDAQ:EH) is getting set to refuel as it makes what appears to be a final taxiing move before taking flight.

Ina stock exchange filing last Friday, the maker of autonomous aerial vehicles unveiled a plan to raise...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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