Chinese aviation company and drone maker Yuneec just announced that it has secured more than $60 million USD financing from Intel.

The investment marked yet another hefty capital injection to China’s red-hot drone market, following Ehang’s $42 million USD B round settled this week and DJI’s $75 million USD funding raised in May this year.

Yuneec’s core technologies power its manned aircraft as well as its drones and radio controlled aircraft for the hobby market. The company’s flagship product Typhoon Q500 is a radio-controlled quadcopter featured 4k camera and innovate features like WatchMe which can follow a user’s movements on the ground.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.