Intel Capital Invests $60M in Yuneec Aviation

Today, Intel Capital has announced a $60 million investment and collaboration with Yuneec International, the world leader in electric aviation. Yuneec is poised to take a leading role with the backing of Intel, a company at the forefront of the technology industry. 

 

The two CEOs said their companies also will collaborate on future products. “We believe drones have the potential to positively change lives in many ways, whether that’s delivering consumer goods or inspecting disaster sites. And with the coming addition of Intel technology inside, Yuneec’s smart drones can create amazing possibilities,” said Krzanich. “We’re pleased to collaborate with a leader in this important new space.”

Yuneec intends to use the funding to accelerate product marketing and development. “With our deep IP and control over manufacturing, Yuneec is singularly positioned to expand the consumer drone market,” said Tian Yu, CEO of Yuneec. “Our drones are manufactured to be ready to fly ‘out of the box’ and ensure stable, smooth flying and video capture.”
 


 

Elizabeth Ciobanu

I cover breaking news in the drone industry, interview experts in the field to learn from them for myself, and to help spread the love of drones.

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