Pioneering Smart Mobility Solutions for the Future

(Hong Kong, March 20, 2025) The low-altitude economy is a formidable trend and has the potential to be the force multiplier for both Hong Kong and Mainland economies. Within the low-altitude economy, there are broad applications and one of the most exciting parts is in the area of flying vehicles. From this backdrop, the Chinney Group is thrilled to announce its official partnership with Alef Aeronautics Inc, a U.S.-based startup, to be its Greater China strategic partner. This collaboration aims to trail blaze the world’s first electric drivable car that can perform vertical takeoff and forward flight to consumers.

With a legacy spanning over 50 years in Hong Kong and with the theme of “Building for The Future”, the Chinney Group is at the forefront of integrating advanced technologies into the construction industry, focusing on automation, digitization, artificial intelligence, and sustainable practices. Five years ago, the Group began its journey in the Greater Bay Area, expanding into the drone and low-altitude flying vehicle businesses. The partnership with Alef Aeronautics Inc is the next step towards embracing the LAE, which the Group views a potential market valued in trillions of dollars by 2040. An electric flying car has the potential to solve environmental challenges by reducing the amount of carbon dioxide emitted; providing greater mobility; creating access to jobs by expanding touch points; and improving general quality of life.

As one of the founding investors in Alef Aeronautics Inc, the Chinney Group shares their objectives in providing safe, legal, and quiet airborne transportation through its innovative flying cars. In 2023, Alef Aeronautics Inc achieved a Special Airworthiness Certification from the Federal Aviation Administration (FAA), positioning itself as a leader ready to operate legally on streets in the near future. To deepen its collaboration with Alef Aeronautics Inc, Chinney Group will be leading the current round of US$20 million Asia tranche of Series A funding. In this round of fund raising, the key milestones are to reach a transition flight of a full-size model and achieving a vertical takeoff with a human being within.

Mr. James Wong, Chairman of Chinney Group, remarked, “Our mission extends beyond constructing physical spaces. We are actively pursuing my vision of sustainable development that bridges the ground and the skies. Alef Aeronautics Inc exemplifies my group’s vision of the low-altitude economy.” Chinney Group remains committed to investing in promising startups and harnessing innovative technologies to drive transformation, ensuring a brighter and more prosperous future for all.

開創未來智慧出行新篇章

（2025年3月20日，香港）低空經濟的發展趨勢近年迅速崛起，並有望成為香港與內地經濟的強力助推器。在低空經濟領域中，應用場景廣泛，其中最令人關注的莫過於飛行汽車的發展。在此背景下，建業集團欣然宣佈與美國初創企業Alef Aeronautics Inc正式達成合作，成為其大中華區戰略合作夥伴。此次合作旨在引領全球首款可垂直起降並進行前向飛行的電動汽車進入消費市場。
以香港為基地，建業集團成立至今50年，一直致力「築 · 見未來」，將先進科技融入建築業務及地產發展項目，包括自動化、數碼化、人工智能及可持續綠色科技發展的實踐。早在五年前，集團已開始在大灣區佈局，涉足無人機及低空飛行汽車業務。此次與Alef Aeronautics Inc的合作更體現集團對低空經濟的發展充滿信心，我們相信這個市場的未來潛力無限，至 2040年市場規模或高達數萬億美元。與此同時，電動飛行汽車有助減少碳排放，可減輕對環境負擔，同時為大眾帶來更方便出行，通過擴展交通觸點以提升就業機會，並改善整體生活質素。

作為Alef Aeronautics Inc的早期投資者之一，建業集團高度認可其通過創新飛行汽車提供安全、合法且安靜的空中交通的目標。在2023年，Alef Aeronautics Inc已獲得美國聯邦航空管理局（FAA）的特殊適航認證，成為未來可在街道上合法運營的領先企業。為深化與其合作，建業集團將主導本輪2000萬美元的亞洲區A輪融資。本輪融資的關鍵里程碑包括實現全尺寸模型的過渡飛行以及完成載人垂直起降測試。

建業集團主席王承偉先生表示：「我們的使命不僅僅是建造實體空間，還要拓展新的願景，創造從地面延伸至天空的可持續發展業務。Alef Aeronautics Inc完美體現了我們對低空經濟的願景。」

建業集團將繼續致力於投資有潛力的初創企業，並利用創新技術推動轉型，為所有人創造更美好、更繁榮的未來。

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