HomeChinese Drone Maker Flypro Completes $12.5M Series A Round
By Jillian Yue
Shenzhen-based drone maker Flypro Aerospace Technology Co., Ltd. has completed RMB80 million (US$12.5 million) series A round of financing led by an investment arm of Chinese conglomerate Yihua Enterprise (Group) Co., Ltd., according to Chinese media reports.
Flypro says it plans to use the proceeds on international expansion and product development.
Founded in 2012, Flypro produces drones used for recording sports activities.
Its drones can fly and track a moving object, avoid obstacles, and automatically adjust the camera lens to film the moving object. It can also be voice controlled.