Ehang did not disclose the valuation of this round, but indicates that it is 100 times that of 16 months ago when the startup was founded.
The money from this latest investment will go toward R&D for both personal and commercial drones, market expansion, and expanding the team. Hu Huazhi, the company’s founder and CEO, disclosed that the drone maker has welcomed four former managers from Chinese internet giants onboard recently.
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