Low-altitude logistics company Hangzhou Xunyi Network Technology Co., Ltd. has completed Series C+ financing.

On the morning of November 17, it was reported that the low-altitude logistics company Hangzhou Xunyi Network Technology Co., Ltd. has recently completed a C+ round of funding worth tens of millions of yuan. This round of investment was jointly funded by Hangzhou Low-altitude Industry Development Co., Ltd. and Ziyang Tonghang Industry Development Equity Investment Fund Partnership Enterprise. Both investors belong to "local state-owned assets" background organizations. According to insiders, the funds from this round of financing will mainly be used to accelerate product research and development, manufacturing, and expand market networks. In the future, Hangzhou Low-altitude Company will open 6 to 8 consumer drone delivery routes with Xunyi Technology in the urban area of Hangzhou City, jointly exploring urban long-distance logistics delivery models.