03-22-2018NEWS

Chinese drone maker DJI is looking to raise $500 million

The company is looking to raise the half-billion dollars before a rumored IPO in 2019, reports Reuters. If DJI can raise the funds, it would value the company at around $15 billion–almost double its valuation just three years ago. The funds would be used by DJI to expand into drone technology in the construction, agriculture, […]

[Image: courtesy of DJI]

BY Michael Grothaus

The company is looking to raise the half-billion dollars before a rumored IPO in 2019, reports Reuters. If DJI can raise the funds, it would value the company at around $15 billion–almost double its valuation just three years ago. The funds would be used by DJI to expand into drone technology in the construction, agriculture, and energy sectors. DJI is currently the world’s largest drone maker by revenue and owns 70% of the global consumer and commercial drone market.

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ABOUT THE AUTHOR

Michael Grothaus is a novelist and author. He has written for Fast Company since 2013, where he's interviewed some of the tech industry’s most prominent leaders and writes about everything from Apple and artificial intelligence to the effects of technology on individuals and society. More

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