Category Archives: Business News

EHANG Gets $10 Million Investment for Ghost UAS

Ehang

EHANG, makers of the Ghost Drone, announced the company has closed $10 million in Series A funding led by GGV Capital.  Angel investors in the round are Xiaoping Xu and Nick Yang, two of China’s most successful entrepreneurs. PreAngel, a fund focused on early stage startups, is also contributing to the round. EHANG will use this new round of funding to meet demand amassed from its Indiegogo campaign by expanding its team and ramping up manufacturing efforts. Continue reading

Consumer UAS a $1B Global Sector by 2018

shawnduCESThe global market for drones will climb to at least $1 billion by 2018, according to the latest numbers from the Consumer Electronics Association.That’s up from a global market forecast of $130 million for 2015, up 50 percent, with sales of about 425,000 units. That’s according to a presentation by Shawn DuBravac, the CEA chief economist, during a wide-ranging briefing on the state of the electronics industry in advance of the International CES technology show. Continue reading