SHENZHEN, China, Nov. 30, 2015 /PRNewswire/ — Over the last few years, unmanned aerial vehicle (UAV) industry has received a lot of attention, with projects involving drones being the ones most hotly sought after in capital markets. A number of firms have started raising funds, with each new deal raising more funding than its predecessor. On November 27th, FLYPRO Aerospace Tech Co., Ltd. (FLYPRO), the first company in China to specialize in research and development of intelligent UAVs for use by consumers as a hobby or a sport, announced that the company has completed its Series A round of fundraising with $13 million from Yihua Capital. Lin Hai, founder and CEO of FLYPRO, pointed out that with this round of fundraising, FLYPRO expects to rapidly expand the footprint of its drones in the international market, further product research and development as well as promote the civilian use of drones. Unlike most UAV developers, FLYPRO focused primarily on the sports and hobby segment. During a press conference, the CEO explained that FLYPRO has been committed to the R&D of innovative intelligent sports drones, ranging from its first auto-tracking drone, the PX400, to its first smart watches as companions to the […]
