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.
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