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Chinese drone manufacturer EHang may raise USD 500M in US IPO
Published on: 2019-03-13
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041Chinese drone manufacturer EHang is said to be looking at an initial public offering (IPO) in the US which could potentially raise between USD 400 million to USD 500 million for the company. The company which was founded in 2014 and has its headquarters in Guangzhou first attracted global attention when it introduced a radical passenger drone concept in 2016 which would retail at a price of USD 300,000.

043The company has since completed tests on the vehicle which has been found to be capable of carrying one person at speeds of up to 130 km/h. EHang specializes in drones used in aerial landscaping and the company joins a host of other Chinese start-ups also looking to go public in the US such as Tencent-backed live game-streaming app Douyu and coffee delivery specialist Luckin Coffee.042

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