Gilo Industries Group, a Shaftsbury, Dorset, UK-based aerospace technology company, received a $30m investment.
Kuang-Chi Group, a Shenzhen, China-based technology group, made the investmetn as a part of its newly launched UK investment strategy.
The company will use the funds to improve and further commercialize its aviation technology, expand its business in the Asia-Pacific market and establish relationships with global market leaders across multiple industries.
Led by Gilo Cardozo, founder, Gilo is a technology-led company with professional aerospace engineering capabilities and experience in aeronautical vehicle and propulsion system design. The company designs, develops and manufactures aerospace products including foot-launched powered paragliders and ultra-lightweight propulsion systems for innovative aircraft and applications.