Completed series C funding totaling 1.03 billion yen

PRODRONE Co., Ltd. (Headquarters: Nagoya City, Aichi Prefecture, President and CEO: Shunsuke Totani, hereinafter referred to as PRODRONE) has completed Series C funding totaling 1.03 billion yen. The cumulative amount of funding to date exceeds 3 billion yen. JTEKT Corporation, Kobe Toyopet Co., Ltd., Nagoya Railway Co., Ltd., Honda Cars Shinano Co., Ltd., Mobility Navi Co., Ltd., and Aigin Venture Fund No. 2 Investment Limited Partnership became new shareholders and borrowed from Aichi Bank, Mitsubishi UFJ Bank, and Mizuho Bank. With this funding, we will accelerate the development of the "Flying Light Truck (*)" and advance the social implementation of drones together with all the stakeholders who support PRODRONE. (*) A "flying light truck" is an engine-driven drone that can carry 50 kg of cargo and fly up to 50 km. During normal times, the aircraft contributes to regional issues in mountainous areas and remote islands by delivering pharmaceuticals, and during disasters, it is being developed as an aircraft that contributes to disaster mitigation by transporting relief supplies to isolated villages. [Related press releases] ・ Notice regarding investment from JTEKT Corporation Aiming to develop a “flying light truck” (Announcement released on April 20, 2023) ・ Nagoya Railway and Prodrone conclude capital and business alliance (Announcement released on July 25, 2023) ■About Prodrone Co., Ltd. With the vision of "becoming the most trusted drone company in the region," we aim to build a drone ecosystem in the Chubu region. We manufacture and develop industrial drones such as the PD6B-Type3 multicopter, which has a recommended payload of 20kg and has begun mass production, and the PDH-GS120 helicopter, which can fly for two hours and has excellent weather resistance.