Published: 3:45pm, 25 Aug, 2015 Updated: 5:20pm, 25 Aug, 2015
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.