EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), the world’s leading autonomous aerial vehicle (AAV) technology platform company announced that Carmignac, a leading European asset management firm, invested US$40 million on behalf of its funds in the Company through a private placement of newly issued Class A ordinary shares of the Company. The transaction was closed on January 29, 2021.

EHang intends to use the proceeds to further strengthen the technology advancement and business development of EHang to reinforce its leading position in the global urban air mobility (UAM) industry.

The issuance of the securities is made in reliance on, and in compliance with Regulation S under the Securities Act of 1933, as amended.