Business and Finance

Over the previous few days, the fallout from the failed Lily drone challenge has began to acquire momentum. We revealed final week that the Lily was again from the lifeless thanks to the Mota Group, who bought the rights to the Lily model at public sale. On the floor, shopping …

It’s that point of yr once more. At one in every of Europe’s greatest shopper electronics exhibits – IFA in Berlin – DJI has introduced two new drones – The Mavic Pro Platinum & the Phantom 4 Pro Obsidian – and a brand new flight mode for the Spark. Let’s …

fFying over the suburbs of Melbourne Australia Loveland Innovations, a developer of drone options for the property and casualty insurance coverage trade, has introduced it has been awarded a second patent from the U.S. Patent and Trademark Office. The patent advances the style during which aerial imagery, used for the …

Guest submit by Drone Industry Insights — The final 12 months within the drone business moved at unimaginable tempo – particularly on the subject of strategic drone partnerships. We continuously offered updates about partnerships up to now. Now, why is that this so essential? Drone corporations ( and software program …

Back in January, information got here via from Lily Robotics that many had feared: after months of delays, enormous funding and loads of false guarantees, the firm was folding and never a single buyer can be receiving what that they had paid for. Less than a yr on, the Lily …

Manufacturing a good drone isn’t straightforward. Staying afloat appears to be simply as laborious. Just ask the founders of Lily Robotics, who acquired virtually $50 million in pre-sales and VC funding and nonetheless couldn’t ship to a single buyer. Or 3DR, who pumped loads of capital into the Solo however have …

DJI is launching a ‘Bug Bounty’ program, in a transfer that may see the corporate work with exterior consultants, hackers and safety advisors to enhance software program safety and ease issues over knowledge vulnerability.  Over the previous couple of months, various safety points have been found in DJI’s software program. These …

The Drone Economy Strategy ETF, IFLY crossed over the $25 million mark in internet property in August, led by latest progress in each day quantity. “The first ETF focused on the emerging commercial drone market, The ETFMG Drone Economy Strategy ETF, provides an instrument for investing in this omnipresent technology …

Wingtra is the most recent European drone agency looking for a foothold within the US market. Based in Zurich, Wingtra manufactures a VTOL drone, the WIntraOne. They promote it as a UAV that mixes “​the ​​benefits ​​of ​​agile ​​multirotors ​​[with] the ​​high ​​endurance of ​​fixed​-wing ​aircrafts.” After​ being launched earlier …

Kespry, has secured one other insurance coverage consumer for its drone intelligence platform as they try to put a lock on the drone providers for the insurance coverage market. It was a objective of George Mathews when he joined the agency early this 12 months. They have introduced comparable offers …