XAG reportedly reduced 10.43 million tons in crop losses and 960,000 tons of carbon emissions in 2021, by using agricultural unmanned drones and vehicles.
On Wednesday, XAG, a domestic agricultural drone manufacturer, released several new products including the P100/V502022 agricultural unmanned drone, R150 agricultural unmanned vehicle, and more.
On Monday, the IPO application of XAG, a domestic agricultural drone maker, was accepted by the Shanghai Sci-Tech Innovation Board (STAR Market). XAG plans to raise 1.51 billion yuan ($235 million).
In last weeks VC news: Bain Capital bets on Newlink, XAG raises funds for R&D, Momenta bags $500 million, while Fova Energy secures new funds from Shunwei Capital.
XAG, a Chinese drone manufacturer based in Guangzhou, teamed up with German company Bayer Crop Science to deploy a drone attack to kill the fall armyworms infesting crops in China’s Guangxi province.