Ehang has announced that it has raised $42m in a series B round of funding, which will help expand its research and development of commercial drones to include search-and-rescue missions, mapping and agriculture. This puts Ehang in direct competition with DJI, China's largest civilian drone manufacturer, which controls 60% of the global market. The new funding is part of an effort by Ehang, founded in 2009, to build up its business beyond consumer drones.
Ehang has announced that it has raised $42m in a series B round of funding, which will help expand its research and development of commercial drones to include search-and-rescue missions, mapping and agriculture. This puts Ehang in direct competition with DJI, China's largest civilian drone manufacturer, which controls 60% of the global market. Ehang is most famous for its Ghost Drone, a quadcopter that can attach a GoPro for aerial photography and be controlled with a smartphone.