**EHang Holdings Ltd. (EH)**, a leading developer of autonomous aerial vehicles (AAVs), is preparing to raise up to $100 million in a public offering, more than doubling the amount it raised in its 2019 IPO. The company is nearing the commercialization of its self-flying aircraft, having recently received a production certificate from China’s aviation regulator, enabling it to mass-produce its flagship product, the EH216-S. EHang’s revenue surged in 2022, and it is projected to accelerate further as the company targets profitability in 2025. However, the company has faced challenges, including allegations of misleading investors by short-seller Hindenburg Research.